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Tuesday, Feb 01, 2011
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Corporate Results - Hotels
Hotel Leelaventure Q3 net down 24%

Our Bureau

Mumbai, Jan. 31

The board of directors of Hotel Leelaventure has approved the de-merger of the leasing business of freehold land of Leela Lace Holdings Pvt Ltd into Hotel Leelaventure with effect from April 1, 2011, according to a notice sent to the Bombay Stock Exchange on Monday.

The scheme of arrangement has been done between the hospitality company and Leela Lace Holdings Pvt Ltd and their shareholders. Hotel Leelaventure reported a 23.63 per cent dip in its net profit for the quarter ended December 31, 2010, to Rs 22.04 crore against Rs 28.86 crore in the same quarter last fiscal.

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Stories in this Section
JM Fin consolidated net up 64% in Q3

Tata Comm prunes Q3 loss
Hotel Leelaventure Q3 net down 24%
Indian Hotels Q3 net dips 23%
GVK Power Q3 profit slows
Suven Life Sciences' Q3 net rises to Rs 1.2 cr
Sun Pharma clocks Rs 350-cr profit
NTPC's Q3 net profit up marginally at Rs 2,372 crore
McLeod Russel India profit down 1.9%
Escorts profit rises 9% on strong sales
Force Motors Q3 PAT zooms
KEC net up 25% at Rs 58 cr
Rolta Q3 net profit zooms 145% to Rs 154 cr
BILT Q2 net edges up to Rs 58.91 cr
Net interest income pushes Canara Bank net to record
Andhra Bank third quarter net goes up 20% at Rs 331 cr
Central Bank net rises 32%
IDFC net up 26% at Rs 304 cr

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