August 14, 2012 10:01:34 pm
Leading Holidays and Education travel group Cox & Kings on Tuesday posted Rs 147 crore consolidated profit after tax for the first quarter ending June 30.
The year-on-year numbers are not comparable as the consolidated numbers did not include Holidaybreak in Q1 FY12,Cox & Kings said in a release issued here.
The company’s consolidated income from operations was at Rs 532 crore for the quarter under review.
“We had a mixed performance in the leisure category,with continued robust growth in our India operations but challenging operating conditions in Japan and Europe. The education business has performed as per expectations. Our student accommodation brand,Meininger,though not being consolidated into our results in FY13,continues to demonstrate impressive growth in the European markets. The camping business has been marginally impacted by difficult trading condition in the UK and Netherlands,” Cox & Kings Director Peter Kerkar said.
He further said that the travel company continues to be excited about consolidating its presence in India and the Education business.
“We also believe each of our businesses in Europe have a strong brand recall and a solid product offering to be able to withstand difficult trading conditions,” he added.
Post Holidaybreak acquisition,Cox & Kings now operates across three major travel categories – leisure tours,education travel and camping holidays.
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