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New Delhi, July 1

EIH Ltd, a member of the Oberoi Group, has reported a 21.5 per cent dip in profit after tax at Rs 170.44 crore for the financial year 2008-09. The Group had reported a profit after tax of Rs 217.23 crore in 2007-08. In a statement, EIH said that in 2008-09, its total revenue stood at Rs 1,073.06 crore compared with Rs 1,155.11 crore in the previous year. “The financial year 2008-09 has been one of the most challenging. The credit crunch, widening financial crisis a n increase in commodity and oil prices and the significant fluctuations in the exchange have been contributing factors. The terror attacks on the company’s hotel in Mumbai also exacerbated business conditions,” Mr P.R.S. Oberoi, Chairman, EIH Ltd,said.

– Our Bureau

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