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Our Bureau

Mumbai , Aug 25

THOMAS Cook (India) Ltd, the travel and financial services company, has reported a net profit of Rs 8.58 crore in the quarter ended July 31,15 per cent higher than Rs 7.47 crore recorded in the same quarter last year.

The company has attributed the performance to the traffic in the outbound sector between April and July 2005. The quarter ended July 31 is the third-quarter for the company, which follows the November-October calendar in line with that of its German parent, Thomas Cook AG.

Income from operations during the quarter under review has slipped to Rs 32.69 crore as against Rs 34.25 crore in the same period last year.

According to the company, its cost control efforts were paying off. Under its cost optimisation drive, the focus of its advertising campaigns had shifted to "advertising productivity" rather than quantum.

When considered segment-wise, revenues from financial services have fallen to Rs 4.64 crore in the quarter ended July 31, as against Rs 7.14 crore in the same period last year.

On the other hand, revenues from travel and related services have increased to Rs 28.04 crore (Rs 27.11 crore).

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