Travel firm Cox & Kings Ltd has reported a net loss of Rs 7.57 crore for the quarter ended December 31, 2011.
In a statement filed on the Bombay Stock Exchange (BSE), the company said that the figures for the reported previous quarters are not comparable due to consolidation of results of Holidaybreak Ltd from September 27, 2011. The business of Holidaybreak Ltd is located in Europe and is seasonal in nature. The results of any quarter would not be a proportionate reflection of its annual performance, the company said. The net profit for the corresponding period last year was Rs 23.02 crore.
The income from operations for the quarter under review is Rs 284.6 crore. Commenting on the quarterly results, Mr Peter Kerkar, Director, Cox & Kings Limited said, the company's growth in operations has been robust both in India and rest of the world. The stock of Cox & Kings Ltd closed at Rs 182.40, down 0.30 per cent, at the BSE on Tuesday.