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 an🧜d operates casinos and hotels under several brands, has suffered a decline of 97.68% in the final quarౠter of the 2020 as the Sales decline 41.10% to ₹120.82 crore.

In October 2020, Delta Corp subsidiary, Delta Pleasure Cruise Company, acquired up to 45% stake in Waterways Shipyard as a boost to the company profile. However, according🌠 to Business Insider 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 reducti🐠on of around 85 Crore as compared to the previous valuation in December 2019.

As a matter of fact, in th��e quarter ended September 2020, the Net loss of Delta Corp repor🎉ted 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 context of this, it is worth me🌟ntioning that Delta Corp is the only listed company engaged in the casino gaming industry in India.