Himachal Tourism Corp records Rs 7.73 Cr profit in first quarter

Shimla: Into luxury transport and hotels, the public sector Himachal Tourism Development Corporation has reported a net profit of Rs 7.73 crore for the June quarter.

A spokesman for the corporation said that the gross profit upto June recorded was Rs 8.38 crore. In 2009-10 HPTDC had an overall net profit of Rs 4.79 crore, he added.

Apart from the 59 hotels and restaurants that the chain operation it also runs 19 luxury buses which include 4 super deluxe Volvo buses.

Booking and occupancy rates have gone up since the corporation started online bookings about two years ago, turning around the losses and to report operating yearly profits.

However, overall the corporation remains in the red and has an accumulated debt of about Rs 24 crores on its books.

As Editor, Ravinder Makhaik has nurtured Hill Post for over a decade. A chequered path had him drift from managing family owned apple orchards, to turning a documentary filmmaker, to a journalist - with India’s leading television networks and newspapers, to boot strapping in founding Start-Ups. He lives in Shimla.

Tags from the story
, ,

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.