The Hindu Business Line : Thomas Cook Q1 net profit up 24 pc

GOOD tourist inflows in the winter season, helped along by new business from destinations such as Belgium and the Netherlands, saw Thomas Cook (India) Ltd post a profit after tax of Rs 8 crore in the first quarter ended January 31, 2004.

This represented a 24 per cent growth on the figure for the quarter ended January 31, 2003. The tour and financial services operator follows the financial year from November to October in alignment with its international parent, Thomas Cook Group.

TCIL recorded a profit before tax of Rs 12.6 crore, up 31 per cent, and revenues of Rs 33.4 crore for the period under review.

According to a company official, the company serviced close to 12 flights each week during the winter season commencing in November. The peak inbound season would gradually close towards the end of March or early April, he said. The traffic from the UK and German charters into India increased by 40 per cent, while in the outbound market, the response to winter packages rose by 25 per cent.

He added that initial enquiries for outbound business during the summer season were promising and the company hoped to sustain growth in the year ahead, provided there were no untoward happenings in the interim.

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Thomas Cook Q1 net profit up 24 pc