Thomas Cook firms up on robust Q1 earnings

Shares of Thomas Cook were up over 3% at Rs 203 on the Bombay Stock Exchange after the company reported 56% growth in consolidated net profit at Rs 62 crore for the quarter ended June 30, 2016 compared with Rs 39.8 crore for the same quarter last fiscal.

Consolidated net sales for the quarter under review surged 61% to Rs 2,431 crore compared with Rs 1,505 crore for the quarter ended June 30, 2015.

The stock opened at Rs 202 and touched a high of Rs 208. At 10:45am, over 470,000 shares were traded on both the stock exchanges.