Thomas Cook Q3 net up 17%

New Delhi, Aug 25 (UNI) Travel solutions provider Thomas Cook (India) Ltd today posted a 17 per cent increase in its net profit for the third quarter ending July 31, 2006, at Rs 10 crore against Rs 8.58 crore in the corresponding quarter last year.

The company's revenues during the period between May-July 2007 rose by 42 per cent at Rs 47.68 crore from Rs 33.49 crore in the corresponding quarter last year.

However, the cumulative revenues for the first nine months from November 2005 to July 2006 reported an increase of 27 per cent at Rs 122.82 crore from Rs 96.55 crore in the same period a year ago.

''The impressive performance in the third quarter was mainly due to substantial improvement in all business divisions -- Travel, Forex and Insurance,'' company MD Madhavan Menon said.

Innovative marketing strategies along with investments in manpower training and development have started paying rich dividends. The outlook for the rest of the financial year remains positive, Mr Menon added.

Thomas Cook India offers a broad spectrum of leisure travel-related services such as package tours, currency exchange and travel insurance as well as hotel and flight reservations.

It has completed 125 years of operation in India and has a total of 71 offices at various locations in the country.

UNI PV CS HT1815