NEWS| Financials| Kamat Hotels India June qtr net loss at Rs 5 cr

Hospitality major Kamat Hotels India on Saturday reported a net loss of Rs 5.63 crore for the quarter ended June 2009, as against a net profit of Rs 1.37 crore in the same period last year.


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"The financial results of the quarter were adversely affected due to general downturn of the economy and terror attack on November 26, 2008 in Mumbai," Hospitality major said in a filing to the Bombay Stock Exchange(BSE).

The total income declined to Rs 20.76 crore in the latest quarter, against Rs 34.53 crore in the same period the previous fiscal.



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