Profits rise at Cox & Kings
Cox & Kings’ financials results show consolidated post-tax profits of INR147 crore for the quarter ending 30 June.
Earnings were significantly improved following the acquisition of education and activity travel group Holidaybreak.
Peter Kerkar, Director of Cox & Kings said; “We had a mixed performance in the leisure category, with continued robust growth in our India operations but challenging operating conditions in Japan and Europe.
“The education business has performed as per our expectations. Our student accommodation brand, Meininger, though not being consolidated into our results in FY13, continues to demonstrate impressive growth in the European markets.
“The Camping business has been marginally impacted by difficult trading condition in UK and Netherlands.”