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Thoma Cook registers increase in income from operations of 163%

| | Jul 26, 2014, at 03:31 am
#Thoma Cook registers increase in income from operations of 163%
Mumbai, July 25 (IBNS): Thomas Cook (India) Ltd on Friday declared its consolidated Financial Results for the Half Year ended June 30, 2014 with an increase in income from operations of 163%.
The company registered  Profit Before Tax of over 65% and consolidated Profit After Tax of 50% as compared to the corresponding Half Year 2013. 
 
The company’s Foreign Exchange business posted a 53% growth in Earnings Before Tax.
At the Ikya Group level, the QTD Revenue has grown by 27% and EBITDA by 144% compared with same Quarter last year. 
 
Commenting on the Results,  Madhavan Menon, Managing Director, Thomas Cook (India) Ltd. said, “H1 2014 has seen significant business growth across the diversified Thomas Cook India Group, with an overall revenue increase of 163%;. IKYA delivering strong Quarter Results- a 27% increase in Revenue and an impressive 144% growth in EBITDA.” 
 
He added, “The new Government’s pro-tourism focus and the strategic tourism initiatives including infrastructure and technology via Budget 2014-15, augur well for our travel and foreign exchange businesses; the announcement of eVisas giving a further fillip to the upcoming Inbound season."

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