Delta falls into loss

 

Delta Corp. reported a consolidated net loss of 103.7 million rupees ($1.9 million), reversing a gain of 115.5 million rupees a year earlier. Revenues fell 28 percent to 561.4 million rupees. The gaming division reported a loss of 29.8 million rupees, compared with a profit of 126.5 million rupees a year earlier, as revenues fell 5.4 percent to 355.6 million rupees. Delta’s shares fell by the maximum allowed 10 percent during the session after the earnings release. Delta plans to open two new casinos in India this year.