Delta Corp stock hits all time high

India’s largest and only listed casino operator, Delta Corp, saw its stocks hit a record high of Rs 155 following the posting of its 16Q1 results, local media reports.

Stock surged 61 percent from Rs 96 after the company reported a consolidated net profit of Rs 20 crore for the quarter ended June 30, 2016, as compared to a net loss of Rs 1 crore in the prior-year period.

Delta Corp said the growth was attributed to better targeted marketing and bringing on the right customers, which resulted in a stable income flow and increased customer numbers.

Its offshore casino, Casino Deltin Caravella in Goa, is expected to further add revenues and profitability, it added.

Latest Intelligence

Latest issue

PATA CEO sees slow recovery, but optimism for future

AGB Podcasts