New Delhi: Travel services firm Thomas Cook India on Friday reported 83.25 percent decline in consolidated net profit for the first quarter ended March 31, 2012 at Rs 78.5 lakh compared to the same period last year, primarily impacted by a net gain from asset sale in the year ago period.
The company had reported net profit of Rs 4.68 crore in the three months ended March 31, 2011.
The firm's consolidated net sales for the first quarter of 2012 increased 4.75 percent to Rs 81.92 crore, as against Rs 78.20 crore in the same period last year.
For the quarter ended March 31, 2012 the company had a consolidated other income of Rs 60 lakh. In the comparable quarter last year, its consolidated other income was Rs 8.80 crore, which included Rs 7.57 crore gained from sale of its assets.
During the quarter under review, Thomas Cook India's advertising spends increased 40.8 percent to Rs 12.32 crore compared to Rs 8.75 crore during the three-months ended March 2011, the company said in a filing to BSE.
In February this year, the company's parent firm Thomas Cook Group Plc had announced the launch of formal sale process for its 77.1 percent shareholding in Thomas Cook India.
TCIL's scrip closed at Rs 63.60 per share, down 2.38 percent from the previous close on the BSE.
PTI
First Published: Friday, April 27, 2012, 17:55