Cox & Kings reports Q4 net loss at Rs 305.53 crore

Tour and travel firm Cox & Kings today reported a consolidated net loss of Rs 305.53 crore for the quarter ended March 31, 2016.
The company had posted a net profit of Rs 64.56 crore for the corresponding period of the previous fiscal, Cox & Kings said in a filing to BSE.
Consolidated total income from the operations of the company stood at Rs 470.96 crore in the quarter under consideration. It was Rs 409.61 crore during the year ago period.
According to the company, its result are not comparable as it has sold its camping division to France's Homair Vacances.

"Owing to sale of camping division on September 11, 2014, the figures of the year are not comparable to corresponding figures of last year," the company said.
For the entire fiscal, Cox & Kings consolidated net profit was at Rs 53.93 crore. It had a net profit of Rs 91.78 crore in 2014-15.

Its consolidated total income from operations for 2015-16 was Rs 2,351.91 crore. It was Rs 2,569.09 crore in the previous fiscal.
Meanwhile, in a separate filing Cox & Kings Ltd informed that its board in a meeting held today recommended a dividend of Re 1 per shares on face value of Rs 5 each for the financial year 2015-16.

Shares of Cox & Kings Ltd today closed at Rs 174.15 per scrip on the BSE, down 1.02 per cent from its previous close.