Travel services and foreign exchange provider Thomas Cook India (TCIL) has posted over three-time increase in consolidated net profit for the fourth quarter ended December 31, 2011 at Rs 5.04 crore compared to the corresponding period last year. The company's net profit in the fourth quarter of last year was Rs 1.51 crore.
Its consolidated net sales for the quarter ended December 31, 2011 increased 30.82% to Rs 87.30 crore compared to Rs 66.73 crore. Despite volatility in global currency market, the foreign exchange business has registered growth of 23% for the quarter.
For the full year 2011, the company’s net profit increased 19.25% to Rs 56.24 crore, against Rs 47.16 crore in 2010. The company follows calendar as its fiscal year. Its consolidated net sales for the year grew 20.43% to Rs 373.79 crore compared to Rs 310.37 crore in 2010.
