Delta Corp consolidated net profit down by 97.68% in Dec 2020 quarter

The Delta🌄 Corp Limited, an Indian gaming and hospitality corporation that owns and operates casinos and hotels under several brands, has sufferedܫ a decline of 97.68% in the final quarter of the 2020 as the Sales decline 41.10% to ₹120.82 crore.

In October 2020, Delta Corp subsidiary, Delta Pleasure Cruise Com🔴pany, acquired up to 45% stake in Waterways Shipyard as a boost to the company profile. However, according to Business Ins𒐪ider and Capital Market publication, the net profit of the company declined by 97.68% to Rs 1.28 crore in the quarter ended December 2020 as against Rs 55.07 crore during the previous quarter ended December 2019.

The figure states that sales declined 41.10% to Rs 120.82 crore🤪 in the quarter, with a net reduction of around 85 Crore as compared to the previous valuation in December 2019.

As a matter of fact🌄, in the quarter ended September 2020, the Net loss of Delta Corp reported to Rs 54.91 crore with the sales declining by 80.90% to Rs 38.37 crore as compared to the previous year's analytics.

In the co🦄ntext of this, it is worth mentioning that Delta Corp is🐼 the only listed company engaged in the casino gaming industry in India.