The public sector India Tourism Development Corporation (ITDC improved ts performance in the first half of the current financial year 2016-17. The total turnover in H1 ending September 2016 increased 7.51 percent to Rs.221.34 over Rs.205.88 cr in the corresponding H1 last year. The company registered a Profit Before Tax (PBT) of Rs. 8.58 cr compared to Rs. 4.28 cr in the corresponding H1 last year, a substantial increase of 100 %.
These details were announced in the Board of Directors' meeting of the company on 14th November 2016 at the Group's flagship hotel, The Ashok, New Delhi. The momentum generated in last financial year has also continued in the first half of the financial year 2016-17. ITDC registered improved performances in divisions like Hotels, International Trade and Ashok Travel and Tours. Also, The Ashok group of hotels has been in the forefront of innovative marketing initiatives ensuring consistency in sales and occupancy.
ITDC improves performance
By IndianMandarins - 2016-11-15 21:55:07
The public sector India Tourism Development Corporation (ITDC improved ts performance in the first half of the current financial year 2016-17. The total turnover in H1 ending September 2016 increased 7.51 percent to Rs.221.34 over Rs.205.88 cr in the corresponding H1 last year. The company registered a Profit Before Tax (PBT) of Rs. 8.58 cr compared to Rs. 4.28 cr in the corresponding H1 last year, a substantial increase of 100 %.
These details were announced in the Board of Directors' meeting of the company on 14th November 2016 at the Group's flagship hotel, The Ashok, New Delhi. The momentum generated in last financial year has also continued in the first half of the financial year 2016-17. ITDC registered improved performances in divisions like Hotels, International Trade and Ashok Travel and Tours. Also, The Ashok group of hotels has been in the forefront of innovative marketing initiatives ensuring consistency in sales and occupancy.
