Mumbai, November 14th 2011: Cox & Kings Limited, one of the oldest travel companies,
today announced its unaudited financial results for the second quarter ended September 30th 2011.
Consolidated income from operations for the quarter ended September 30th 2011 (Q2FY12) was at Rs. 136.72 crores as compared
to Rs. 107.30 crores for the quarter ended September 30th 2010 (Q2FY11); registering a growth of 27.42 per cent. Net profit before exceptional items s tood at Rs 29.43 crore as compared to Rs 24.65 crore in the corresponding quarter of last year; an increase of 19.39 %. The EBITDA for Q2FY12 s tood at Rs 54.38 crores as against Rs 48.79 crores in Q2FY11; an increase of 11.45 %. The EBITDA earnings per share (EPS) s tood at Rs 2.01 as compared to Rs 2.71 in the corresponding period of last quarter, after considering exceptional items.
Half Yearly Performance:
Consolidated income from operations for the half year ended September 30th 2011 (H1FY12) rose by 27.47 % at Rs 293.65 crores as against Rs 230.37 crores for the half year ended September 30th 2010 (H1FY11). Consolidated Net profit before exceptional items for H1FY12 six month end s
tood at Rs 65.17 crores as compared to Rs 59.41 crores posted in the corresponding period of last fiscal, registering a growth of 9.70 %. EBITDA for H1FY12 is at Rs 124.24 crores as against Rs 108.56 crores in H1FY11; an increase of 14.44 %.The earnings per share for H1FY12 s tood at Rs 4.78 as compared to Rs 4.72 in the corresponding period of last fiscal, after considering exceptional items.
During the quarter, the company completed the acquisition of Holidaybreak Plc at a price of 432.1 pence per share
to Peter Kerkar, Direc tor, Cox & Kings Ltd, “We have registered growth, both in domestic and foreign operations and the businesses have performed well in line of our expectations. The acquisition of Holidaybreak Plc will further give robustness to our existing P&L.”
Cox & Kings Ltd. (CKL) is the longest established travel company in the world since 1758. Headquartered in
, it is a premium brand that caters India to the overall travel needs of the Indian and International traveller.
Cox & Kings operates in 20 countries through branch offices, subsidiaries, representative offices, franchised sales shops as well as through our global network of sales agents.
The company has 13 branch sales offices in
India located in Mumbai, New Delhi, Chennai, Kolkata, Indore, Bangalore, Hyderabad, Ahmedabad, Jaipur, Kochi, Pune and Goa. The company has appointed over 150 franchisees across 20 states covering 70 cities. The company’s extensive network of 185 GSAs and PSAs covering all major towns and cities of enhances its reach. India
Cox & Kings has subsidiaries in
UK, Japan, Australia, New Zealand, UAE, USA, Singapore, Hong Kong, Greece & Germany; branch offices in New York, Moscow, Maldives & Tahiti; & representative offices in Spain, Germany, Italy, France, South America, Sweden and . South Africa
The company owns Tempo Holidays Australia, East India Travel Company in North America, ETN in the UK and Quoprro Global Services Pvt Ltd,(visa processing), MyPlanet Australia Pty Ltd and Ben
tours International Pty Ltd in Australia.
Cox & Kings is amongst the largest players with its range of specialist options. Innovative packaging, pricing and marketing have been the hallmarks of its success over the years. Among its many products are Leisure Travel- Domestic (Bharat Deko), Inbound & International, Corporate Travel, MICE, Trade Fairs, Visa Processing and Foreign Exchange. The Outbound Tours is segregated in
to Duniya Dekho (escorted tours), FlexiHols (cus tomised tours), Luxury Escapades (unique & luxurious travel) & NRI (catering to Indians across the world).
Over the years the company has won many awards. Recently, in November 2011, Cox & Kings Ltd. was voted the “Specialist – Best All Inclusive Travel Opera
tor” by the British Travel Awards 2011; “Best Outbound Tour Opera tor” by Hospitality India & Explore the World Annual International Awards 2011 & ranked “274” amongst Business Today’s Top 500 Indian Companies for 2011. In Oc tober 2011, Cox and Kings Ltd was voted as the Most Entrepreneurial Travel Company by TTG Travel Awards and in August 2011, The Best Travel Company for Cus tomer Satisfaction by Today’s Traveller.
tober 2010, it was voted ‘s Leading Destination Management Company by the World Travel Awards 2010. The company received in September 2010, the CNBC Awaaz Travel Award 2010 for “Taking India Global”. Cox and Kings was awarded the “Best Outbound Tour Opera India tor” by Hospitality and Explore the World Annual International Awards 2010. In January 2010 it was awarded the Most Admired Tour Opera India tor by SATTE. Cox & Kings has also been awarded First Runner up in the Best Large Tour Opera tor category awarded by the Telegraph Ultra Travel luxury survey UK 2010 and First Runner Up in the Favourite Tour Opera tor category awarded by Condé Nast Traveller Readers’ Choice Awards (2010). In 2009, it won the Best Domestic Tour Opera tor, Most Innovative Travel Company and the Best Inbound Tour Opera tor award at the TAFI TravelBiz Moni tor Awards. It won the Today’s Traveller Platinum Award for the most innovative travel company and it also won the Economic Times Award for the Best Outbound Tour Opera tor in . In 2008, Mr. Peter Kerkar, Global CEO, Cox & Kings was honoured with the WTM Global Award 2008 for his remarkable contribution India to the travel and tourism industry by the World Travel Market (WTM).
CKL is one of the founding members of the World Travel and Tourism Council (WTTC), and are members of premier industry associations namely the Travel Agents Federation of India (TAFI), the Travel Agents Association of India (TAAI), Indian Association of Tour Opera
tors (IATO), and the Pacific Asia Travel Association (PATA).