This Article is From Jul 17, 2015

Delta Corp Jumps 9% on Strong Q1 Earnings

Delta Corp Jumps 9% on Strong Q1 Earnings
Delta Corp, which runs casinos in Goa among other things, saw strong buying interest on Friday following the company's first quarter earnings. Shares in Delta Corp jumped as much as 9.3 per cent to hit an intraday high of Rs 85.40.

Delta Corp reported a net profit of Rs 10 lakhs in the April-June quarter of FY16 against a loss of Rs 19.6 crore in the corresponding quarter of last fiscal. Total revenues jumped 46 per cent to Rs 81.5 crore compared to Rs 55.7 crore in the year-ago period.

Delta Corp recently started a first of its kind integrated casino resort in Daman, the company mentioned on its website.

Ace investor Rakesh Jhunjhunwala is an investor in Delta Corp.

Shares of Delta Corp closed 4.67 per cent higher at Rs 81.75 apiece, outperforming the broader Nifty, which ended flat at 8,609.85.