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Thomas Cook March-quarter net loss at Rs 71 crore

Thomas Cook March-quarter net loss at Rs 71 crore

NEW DELHI: Travel firm Thomas Cook BSE 1.33 % ( India ) today reported a consolidated net loss of Rs 70.78 crore for the quarter ended March 31, 2016. 

It had posted a net profit of Rs 2.25 crore for the corresponding period of the previous fiscal, the company said in a filing to BSE. 

Consolidated total income stood at Rs 1,298.75 crore for the quarter under 
 

consideration as against Rs 864.86 crore in the year-ago period. 

The consolidated profit before tax declined from Rs 170 crore during the 15-month period ended March 31, 2015 to Rs 28.5 crore during the year ended March 31, 2016 on account of exceptional one time provisions, including Rs 93.9 crore in Sterling Holidays, the company said. 

This was primarily due to adoption of a more pragmatic and prudent approach towards vacation ownership receivables and write-off of capital  .. consideration as against Rs 864.86 crore in the year-ago period. 

The consolidated profit before tax declined from Rs 170 crore during the 15-month period ended March 31, 2015 to Rs 28.5 crore during the year ended March 31, 2016 on account of exceptional one time provisions, including Rs 93.9 crore in Sterling Holidays, the company said. 

This was primarily due to adoption of a more pragmatic and prudent approach towards vacation ownership receivables and write-off of capital work in progress, as also a Rs 7.3 crore receivable write-off in the inbound business , it added. 

Thomas Cook (India) Chairman and Managing Director Madhavan Menon said, "We are very bullish as Quess - after delivering yet another strong growth year, is gearing up for its IPO. We are very confident they will continue their track record of profitable performance as they scale up post the IPO process". 

"...on the back of a series of acquisitions made, we undertook a rigorous restructuring of our subsidiaries and business lines including taking some financially prudent decisio ..These included taking a significant increase in provisions and some one-time write offs. These decisions will serve us well, as we set the platform for sustainable long term growth," he added. 

Quess Corp saw gross revenue rising 34 per cent from Rs 2,567.1 crore during the 15-month period ended March 31, 2015 to Rs 3,435 crore for the 12-month period ended March 31, 2016. 

Sterling Holidays reported a 25 per cent increase in operating income over 2014-15. It also expandedthe number of operational rooms from 1,254 to 1,914 and also increased room occupancy to 57 per cent during the year. 

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2017-01-04 19:32:21

Credo che ci sia una grande ut&2tiai#8l17; soprattutto nel cercare snippet di codice che magari non si troverebbero in giro da altre parti.. spero che il motore di ricerca si evolva presto

2017-01-04 22:11:59

“Something wrong with VVC’s attitude.”VVC is already pissed that YRF has ‘stolen’ Pradeep Sarkar. He is also pissed that Bhansali ‘never’ tells that VVC was his mentor and only VVC keeps on repeating that Bhansali was his assistant. He has ONLY Raju Hirani now which can keep his production ‘alive’ and he can’t bear if someone tries to ‘steal’ him as well! LOL!

2017-01-04 22:32:00

É impressão minha ou aquele Alfa que está abandonado lá em Caçapava é muito parecido, se não for o mesmo, com esse que aparece no vídeo?Ico, como sempre, seu blog se destaca dos demais. Parabéns pelo seu trabalho.

2017-01-04 22:41:27

Shore,Am I reading this correctly? 1.6MM+ workers commute into Manhattan every weekday (and that’s just the workers who commute in), and only 1.5-1.6MM people live there full-time (the already most densely populated city in the country).JJ,Are they building any more land in there?

2017-01-04 22:45:16

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2017-01-04 23:22:10

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2017-01-04 23:49:04

POSTED September 19, 2008 at 9:16 amJulie:  Someone actually called me up today and asked about the 2009 edition, so I said I could pop one out in about 15 minutes. Ooops. With all the rechecking of holidays, testing new features, and article prepwork, it’s really more like 4 hours. But it’s up now! :-)

2017-01-05 01:14:19

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2017-01-05 01:30:22

/ If you’re still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you’ll know which is right for you.

2017-01-05 01:39:29

seriously.. segelintir rakyat kita terlalu banggakan mat saleh.. ape yg hebat sangat mat saleh tu? sabar SN, yg pasti kita tau ape yang kita buat tu.

2017-01-05 01:45:44

hi moos,I have a pristine, never-played copy of this record. I'll check it to see if the sound is any better, and let you know. I've had a technical issue holding up my recording/posting, but that should be resolved in a week or so.Cheers, and as always, thanks.Robert

2017-01-05 02:26:21

Cacete, vocês demoram pra gravar, mas quando gravam é fodaço. Puta episódio bom, meu! Ri muito com as aventuras do Ida na rede pública de saúde. E o Capa no Japão? Travequeiro!! rsrsrss. E as piadas do Bandani estavam ótimas, aquela do “se vc quer sorrir, é com Patati…”, zuada de boa, tive tonturas aqui de rir. Seus patifes, não demorem tanto pra gravar o próximo progama.

2017-01-05 02:39:01

Great thinking! That really breaks the mold!

2017-01-20 10:38:59

I will be putting this dazzling insight to good use in no time.

2017-01-25 09:03:10

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2017-01-25 09:50:19

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2017-01-25 10:07:53

When I select Music, and then select a genre like Jazz, I only get Top Music, I DO NOT see Jazz videos. When I try page 2 in Jazz it opens up to Travel or some other sub-directory in an completely non-Music category! Can you fix this? At least Webshots keeps their stuff together, can't you?

2017-01-25 11:53:57

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2017-01-25 14:08:22

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2017-01-25 14:15:39

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2017-01-25 15:23:29

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2017-01-25 17:52:28

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2017-01-25 19:25:48

OK Free Speech..agreed.But your stats must mean most American’s are incredibly blind or afraid. And that racism stuff cuts both ways Free Speech…more in the blacks favor I’m thinking.

2017-01-25 22:24:30

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2017-01-25 22:55:31

Can’t help but think that Hillary!’s non-response on this is telling. Shouldn’t a wise politico try to quash this? Judging by the MSM response it’s a non-event, so why not have Hillary! get in front of the story?What with the GQ quashing being bruited about and the lingering embarrassment of Eason Jordan’s admission that journalistic enterprise can be bought off, shouldn’t the press be digging hard? Asking questions?Kind of looks like, for the most part, they’re in the tank. Say it ain’t so.

2017-01-25 23:41:16

Love the post and your pets, Serena! I hope Bill has moved Sophie-Ann into the basement where he is giving her the magister treatment under AVL authority.That would be a nice parallel with the magister and Pam, and make Sophie-Ann a surrogate for Lorena, giving Bill more opportunites to work on his twisted mommy issues. Oh, I do hate me some Bill;)   0 likes

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2017-01-26 06:12:32

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