Hotel Leelaventure till now led by Chittarath Poovakkatt Krishnan Nair posts net loss of Rs 97 cr

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SummaryHotel Leelaventure today reported a net loss of Rs 96.91 crore for the quarter.

Hotel Leelaventure, till now led by Chittarath Poovakkatt Krishnan Nair, today reported a net loss of Rs 96.91 crore for the quarter ended December 31, 2012.

The company had posted a net loss of Rs 99.65 crore in the corresponding period previous year, Hotel Leelaventure said in a filing to the BSE.

The net income during the third quarter of this fiscal, however, went up by 14.94 per cent to Rs 182.83 crore from Rs 159.06 crore in the year-ago period, it added.

Shares of Hotel Leelaventure today closed 0.93 per cent down at Rs 26.50 apiece on BSE.

Vivek Nair now leads the company.

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