Thomas Cook rises after Q2 net up 43%

Consolidated net profit for the quarter ended June 2014 jumped 43% to Rs 47 crore

Shares of Thomas Cook were trading over 3% at Rs 118 after the company reported strong set of numbers for the second quarter ended June 30, 2014.

On a consolidated basis the company registered a net profit of Rs 47 crore, up 43% compared to Rs 33 crore in the quarter ended June 30, 2013.

Net sales during the quarter under review stood at Rs 549 crore, up 83% compared with Rs 301 crore in the quarter ended June 30, 2013.

The stock opened at Rs 118 on the Bombay Stock Exchange and hit an intra-day high of Rs 120 so far. Over 281,000 shares were traded on both the stock exchanges so far.