Thomas Cook India continues to grow
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Thomas Cook India declared its consolidated financial results for the quarter ending 31 March 2014, with an increase in
Income from Operations of 454% from US$14.4 million to US$79.7 million (INR869 million to INR4.8 billion).
The company has posted Profit Before Tax of over 467% and Profit After Tax of over 470% as compared to the corresponding quarter of 2013.
The three pronged drive by the company, on retail focus, product innovation and efficient working capital management helped the tour operator with this growth. The company’s Foreign Exchange business posted a 37% growth in Earning Before Tax in 2014.
Commenting on the results, Madhavan Menon, managing director of Thomas Cook (India) Ltd said, “Given that this is the traditional low quarter for our largest businesses – Outbound and Foreign Exchange – the consolidated results are admirable with our inbound team making a remarkable turnaround as also strong delivery from our Forex and EBiz teams. This period also, unlike the same quarter in 2013 – also reflect the benefits of the Ikya Human Capital acquisition in 2013 that continues to deliver handsome results for the group.”
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