Thomas Cook (India) Posts Impressive Q3 Results
- Revenue increase by 42% to Rs.476.8 million
- Profits up by 17% at Rs.100 million
Mumbai August 25, 2006: Thomas Cook (India) Limited, a leading travel solutions player in the country, has posted an impressive growth in the 3rd Quarter of the current year, showing a revenue increase of 42%, from Rs.334.9 million to Rs.476.8 million. Similarly, the cumulative position for the first nine months of the year (November 2005 to July 2006) has posted a revenue increase of 27%, i.e. from Rs.965.5 million to Rs.1,228.2 million.
The profits for the Quarter have been Rs.100 million against the previous year's figure of Rs.85.8 million, showing an increase of 17%.
Commenting on the performance of the Company, Mr. Madhavan Menon, Managing Director, Thomas Cook India Ltd said, "The impressive performance in the third quarter was due mainly to substantial improvement in all business divisions - Travel, Forex and Insurance. Innovative marketing strategies along with investments in manpower training & development have started paying rich dividends. The outlook for the rest of the financial year remains positive." Thomas Cook India is celebrating its 125th year of highly successful operation in India.
About Thomas Cook India:
Thomas Cook India offers a broad spectrum of leisure travel-related services such as package tours, currency exchange and travel insurance as well as hotel and flight reservations. Thomas Cook has been present in India for 125 years and operates a total of 71 offices at various locations in the country. Moreover, Thomas Cook India has operations in Sri Lanka and Mauritius. The company employs around 1,300 staff and generated revenue of Rs. 1421 million (US$ 31.5 million) in the 2004/05 financial years.
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