ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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HERDILLIA CHEMICALS-Costs Increase

EPW Research Foundation HOTEL LEELAVENTURE has turned the corner during the year ended March 1993 The company, which had incurred a net loss of Rs 2 crore in 1991-92, has posted a net profit of Rs 10.2 crore in 1992-93 on a 55 per tent increase in turn- over. Effective cost management and zero tax provision have enabled the company to achieve the turnaround. The company has also achieved foreign exchange earnings of Rs 35.8 crore, an increase of 101 per cent over that of the previous year, making the Leela one of the highest foreign exchange earners in the hotel industry.

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