Thomas Cook India Reports Net loss Of Rs 108.62 crore In Q1

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Leading tour operator company Thomas Cook India reported a consolidated net loss of Rs 108.62 crore for the Q1 ended June 30, 2020, on account of the impact of coronavirus pandemic.

The company had posted a net profit of Rs 14.04 crore in the same period of the previous fiscal, Thomas Cook India Ltd (TCIL) said during a late-night filing to the BSE on Tuesday.

Total income from operations stood at Rs 130.87 crore. it had been at Rs 2,335.03 crore in the same period a year ago, it added.

“Despite the stark backdrop of the COVID-19 pandemic that impacted our core businesses significantly during this period, the teams across the Group demonstrated leadership and resilience,” TCIL Chairman and MD Madhavan Menon said.

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“Our proactive and sustainable restructuring program, combined with the reimagining of our businesses have helped us put the worst behind us. With clear signs of retail travel revival visible now, we’ve involved a focused product, marketing and sales decide to accelerate recovery,” he added.


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Also Read: Thomas Cook And SOTC Join Hands With ICMR To Offer COVID-Negative Certification Services

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