Indian casino operator Delta Corp announced that its casino revenue grew from Rs5.45 billion ($65.3 million) to Rs5.85 billion ($70 million) in the financial year ended March 31st, 2024, up by about 7.2 percent.
Despite the increase, the company’s net income was Rs2.4 billion ($29.2 million), down about 6.6 percent from the Rs2.6 billion ($31.3 million) registered in the same period a year ago.
The company reported that its sales also decreased by 4.5 percent, from Rs9.2 billion ($109.7 million) a year ago to Rs8.7 billion ($104.7 million) this financial year ending on March 31st.
According to the annual financial statements of the company’s nine subsidiaries, Delta Corp noted that the company’s net profit before tax and after exceptional items increased by 24.4 percent to Rs3.3 billion ($39.6 million).
In its statement, Delta Corp also mentioned that the Board of Directors has recommended, subject to the approval of the equity shareholders at the ensuing Annual General Meeting, a dividend on equity shares of 125 percent, i.e., Rs 1.25 ($0.015) per Equity Share.
Meanwhile, the firm has updated that during the quarter, Caravella Entertainment Private Limited and its subsidiary Deltin Nepal Private Limited ceased to be subsidiaries of the Company with effect from February 20th this year.
The current year’s exceptional item includes profit on the sale of the subsidiary company, namely Caravella Entertainment Private Limited, of Rs619.9 million ($7.2 million), and IPO expenses of Rs31.3 million ($370,000).
