Source Name: Cox & Kings Ltd
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Cox & Kings Ltd. 4Q FY17 EBITDA Up 81% y-o-y Rs. 92 Crores
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Mumbai, Maharashtra, India Cox & Kings Ltd., the leading holidays and education travel group having operations in 22 countries today announced its financial results for the fourth quarter and full year ended March 31st, 2017.
4QFY17 Highlights Consolidated
Standalone
FY 17Highlights
Consolidated
Standalone (substantially comprises Leisure – India business)
Management Comments Peter Kerkar, Group CEO, Cox and Kings Ltd., said, “It has been a satisfying year. The financial results are testimony to the quality and diversity of our business. Our India business has once again grown ahead of the industry this year and we continue to demonstrate overwhelming margin leadership. Meininger rolled out 1,700 new beds within 90 days in the fourth quarter; we expect to add another 6,600 beds within the next 22 months. Our visa services business has also demonstrated a sharp turnaround this year. FY18 will see strong growth across all our divisions, especially Education, India and Meininger.”
Figures in Rs. crores
* Total foreign exchange loss of Rs. 171 crores in FY17 and Rs. 14 crores in 4Q FY17
ABOUT Cox & Kings Ltd.: (BSE: 533144 | NSE: COX&KINGS) Cox & Kings Ltd. (‘C&K’) is a leading leisure and education travel group with operations in 22 countries across four continents. It is one of the most experienced travel companies in the world, having been in operation since 1758. Headquartered in India, C&K has over the last three decades transformed itself into a diversified, multinational travel conglomerate with a focus on the new-age global consumer.
C&K operates in three key verticals; Leisure, Education, Hybrid Hotels.
Leisure—India is best known by the ubiquitous Cox & Kings brand in India, where we are an integrated travel enterprise, offering the best and widest range of travel options to individuals, groups and businesses in the fastest growing major economy in the world. www.coxandkings.com.
Leisure—International operates in multiple countries, mainly under the Cox & Kings brand, with a greater focus on premium-end travel. www.coxandkings.co.uk.
Education operates under the brand names PGL and NST, among others. PGL and NST are market leaders in experiential learning in the UK and we intend to take these brands across the world; we have recently entered the Australian market. www.pgl.co.uk, www.nstgroup.co.uk.
Meininger currently operates more than 8,500 beds across 17 hotels in 11 European cities. The unique hybrid concept of Meininger combines the service and comfort of a hotel with the uncomplicated nature of a hostel; top locations, high-quality amenities, flexible room structure and reasonable prices. www.meininger-hotels.com.
Cox & Kings is one of the founding members of the World Travel and Tourism Council (WTTC) and also a member of premier industry associations across the world. Over the years the company has won many awards which stand testimony to its excellence in service.
In 2016, the company won a string of awards and amongst them are the World Travel Awards for Asia’s Leading Luxury Tour Operator, India’s Leading Travel Agency and India’s Leading Tour Operator. It also won Hospitality India Travel Award for Best Domestic Tour Operator and Best Experiential Travel Company. Cox & Kings Trade Fairs was recognized as Champions of China Plas for 2016, fourth time in a row. Continuing with its winning legacy, Cox & Kings won the coveted SATTE Awards and Travel and Lifestyle Leadership Award for Best Outbound Tour Operator in 2017. |
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