Cox & Kings reports 24% fall in Q1 consolidated net profit

Cox & Kings has reported results for first quarter ended June 30, 2016.

The company has registered 6.89% rise in its net profit at Rs 90.66 crore for the quarter as compared to Rs 84.82 crore for the same quarter in the previous year. Total income of the company increased by 21.32% at Rs 1214.53 crore for quarter under review as compared to Rs 1001.09 crore for the quarter ended June 30, 2015.

On the consolidated basis, the company has reported 23.68% fall in its net profit after taxes, minority interest and share of profit of associates at Rs 108.07 crore for the quarter ended June 30, 2016 as compared to Rs 141.60 crore for the same quarter in the previous year. Total Income of the company decreased 3.47% to Rs 2076.56 crore for quarter under review, from Rs 2151.16 crore for the quarter ended June 30, 2015.