Thomas Cook India declares Q1 results
Net profit increased to `48.3 million from `19.4 million,
an increase of 149%.
Mumbai April 26th 2011:
Thomas Cook (India) Limited declared its first Quarter results today.
- Net profit increased to `48.3 million from `19.4 million, an increase of 149%
- Income from Operations grew to `652 million from `502 million, an increase of 30%
- Profit before tax increased to `75.8 million from `32 million, an increase of 137%
- Revenues from the Foreign Exchange and Insurance businesses grew by 26%
- Revenues from the Leisure Travel business grew by 44%
With a view to tapping the growth potential & building for the future, the Company expanded its reach via increased Gold Circle Partners (GCP’s), and its existing branch network across India- including new counters at Delhi and Mumbai airports. Currently Thomas Cook India has the largest network with offices in 180 locations across 72 cities.
Expansion has resulted in a consequential increase in people and hence related costs. Expenditure was higher during the current quarter due to a one-time payout. Advertising
costs rose in preparation of the oncoming holiday season and will equate over the next three quarters.
Certain disruptions during the quarter, in one of the subsidiaries, resulted in one-time charges. These disruptions have been resolved.
The forward bookings for Outbound are looking strong and are higher by 23% compared to last year.
About Thomas Cook (India) Limited:
Thomas Cook India is the largest integrated Travel and Travel related Financial Services Company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, and Insurance. The Company has been in India for 130 years providing world-class travel service. The Company has the largest network with 180
locations in 72 cities. For more information, please visit www.thomascook.in
About Thomas Cook Group plc
Thomas Cook Group plc is one of the world's leading travel groups with FY 2010 sales of £8.9 billion and 22.5 million customers. The Group operates under six geographical segments in 21 countries, and is number one or two in all its core markets. Its business is supported by 31,000 employees, a fleet of 94 aircraft and a network of over 3,500 retail outlets. For further details
please visit www.thomascookgroup.com
For media enquiries please contact:
B: +91-22-61603333: D: +91-22-66091011: M: +91-9819998512: