Thomas Cook (India) Limited (TCIL), the leading integrated Travel and Financial Services Company announced impressive financial and operating results for the quarter and half year ended June 30, 2008.

The consolidated Operating PBT for the first half of the year grew significantly by 35% over the previous period to Rs. 376 million. And for Q2 the Operating PBT grew by 38% to Rs. 252 million. The company had reviewed the operations of their branches/ division including subsidiary company resulting into the closure of the unviable travel branches in Sri Lanka and a division of subsidiary company, consequently a sum of Rs. 34 million has been charged in the first half of the year. On account of the alignment of the policies of the holding company, Thomas Cook Group Plc, the depreciation for H1CY07 and CY07 included a one time credit of depreciation in the subsidiary company aggregating to Rs. 18.1 million.

After taking into account the above items, the half yearly Profit after Tax (PAT) increased by 16% to Rs. 219 million, while the PAT for Q2 CY08 increased 21% to Rs. 140 million.

The companies’ Earning per Share (EPS) for half year was Rs. 1.3 a 30% rise, while for Q2 CY 08 was Rs. 0.9 compared to Rs. 0.6 same time last year, a 50% rise.

Latest Initiatives by Thomas Cook (India) Limited:

Thomas Cook (India) has undertaken various initiatives that have been firsts in the travel industry; this included:

q First Travel Agent to offer Indian Rail Bookings online

q Launched new initiatives / products in the Domestic & MICE business

q Tied-up with Bajaj Allianz for providing Life Insurance through various TCIL branches

q Launched a Post-Graduate Program in Business Management in Tourism through Thomas Cook Centre of Learning in association

q with Narsee Monjee Institute of Management Studies (NMIMS)

q Launched Hotels4u on real time www.thomascook.in. giving customers first hand access to over 30,000 hotels in the Hotels4u inventory.

Thomas Cook (India) today is one of the largest players providing integrated travel services with market leadership in foreign exchange and Inbound travel segment. Thomas Cook also recently won the ‘Best Tour Operator’ Award in the CNBC AWAAZ Travel Awards 2008.

Tags: calls, daytrading, free calls, intraday, tips

Similar Posts:

• Bajaj Allianz Life collaborates with Thomas Cook India
• Abacus India signs on Thomas Cook (India)
• Thomas Cook India declares 50% dividend
• BILT’s full year PAT up by 19.06% to Rs 3036mn
• Batliboi’s cons gross revenue up by 113%, PBT up by 22%