Delta Corp Reported On Financial Results For The Third Quarter
Shares of delta corp, the largest casino operator of india, fell by 2%, despite the stable profit and revenue growth in the third quarter of 2018.
Profit for the three months ended dechember 31, 2018, reached 50.5 crore rupees, which is 13% more compared to the same period last year and the revenue reached 205.8 crore rupees (the growth was 26.Nine%).
According to the results obtained, the increase in revenue was mainly due to the growth of gaming operations and income from online gambling. The volume increased by 29.6% and 33.1%, respectively. However, revenues from the hotel business and other segments fell by 16.8%.
Despite the good financial results in the third quarter of 2018, the share price of delta corp fell by 2% on thursday, january control report.
The company announced interim dividends in the amount of 0.6 rupees per share.
Recall: in november 2018, delta corp announced its intention to build an integrated resort on goa, if the government gives the appreate permission.