Thomas Cook India profits up 44%
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Thomas Cook (India) posted a consolidated net profit of INR31.01 crore for the quarter ended June 30, 2012, up 44.50% from the corresponding quarter last year. This was mainly due to higher outbound sales and growth in MICE segment. The company had posted a net profit of INR21.46 crore for the corresponding period last year.
The company’s consolidated total income rose to INR137.61 crore for the April-June 2012 quarter from INR 110 crore for the same period, a year ago.
“Despite increases and surcharges in airfare pricing and the negative impact to the rupee due to volatility in global currency markets, the company has delivered strong results. Both our key businesses of leisure outbound and MICE have performed well with an overall outbound travel revenue growth of 44.50%,” said Madhavan Menon, Managing Director for Thomas Cook (India) Ltd.