Cox & Kings Q1 net jumps 52% at Rs 38 cr

Tour and travel operator Cox & Kings today reported 52% growth in its net profit at Rs 38 crore for the first quarter ended June 30.

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% 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 would 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% on the Bombay Stock Exchange.