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Tour and travel operator Cox & Kings today reported 52 per cent growth in its net profit at Rs 38 crore for the first quarter ended June 30,over the same period last fiscal.
Cox & Kings net profit stood at Rs 25 crore in the first quarter of FY11,the tour and travel company said in a statement here.
The consolidated income from operations for the first quarter registered a growth of 28 per cent at Rs 157 crore,compared to Rs 123 crore posted in the corresponding period of the last fiscal.
“We continue to grow at a robust pace and we believe that all our offices have played a role in generating demand and tapping new markets to drive this growth,” Cox & Kings Director,Peter Kerkar,said.
Cox & Kings operates in 20 countries. The company has subsidiaries in the UK,Japan,Australia,New Zealand,UAE,USA,Singapore,Hong Kong,Greece and Germany,and branch offices in New York,Moscow,Taiwan,Maldives and Tahiti.
Last month,Cox & Kings had announced that it will acquire UK-based Holidaybreak Plc for an estimated 312 million pounds through its wholly-owned subsidiary Prometheon Holdings.
Shares of Cox & Kings today closed at Rs 220,down by 4.41 per cent on the Bombay Stock Exchange.
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