India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism has posted a significant performance in half yearly results of the current financial year 2016-17. The total turnover in H1 ending September 2016 increased to Rs.221.34 cr as compared to Rs.205.88 cr in the corresponding H1 last year. The total turnover registered a jump of 7.51 per cent as compared to the same period in last financial year. The company registered Profit Before Tax (PBT) at Rs. 8.58 cr as compared to Rs. 4.28 cr in the corresponding H1 last year i.e. 2016-17, an increase of substantial 100 per cent as compared to the last financial year.
ITDC announced these details in the Board of Directors’ meeting of the company at the Group’s flagship hotel, The Ashok, New Delhi. The momentum generated in last financial year has also continued in first half of the financial year 2016-17. ITDC registered improved performances in divisions like hotels, international trade and Ashok Travel and Tours. Also, The Ashok group of hotels has been in the forefront of innovative marketing initiatives ensuring consistency in sales and occupancy.
