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Cox and Kings Ltd. EBITDA at Rs 643 Crore in H1FY17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 quarter ended September 30th, 2016.
Q2FY17 Highlights Consolidated (continuing operations only)
Standalone
H1FY17 Highlights Consolidated (continuing operations)
Standalone
Consolidated (continuing operations only) segmental results
Management Comments Peter Kerkar, Director, Cox and Kings Ltd. said, “Organic performance has been strong given the volatile geopolitical and macroeconomic environment. Indeed, the stable like-to-like financial performance is testament to the diverse, high-quality nature of our portfolio. Leisure - India, Education and Meininger will continue to drive growth in the medium term.”
He further added, “De-monetisation announced by the Government is very positive for Cox & Kings as the key marketing tool used by the unorganized sector, i.e. taking unaccounted money and finding channels to reduce the visibility of illicit money when travelling abroad, have been rendered blunt.”
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 23 countries across 4 continents. It is one of the most experienced travel companies in the world, having been in operation since 1758. Headquartered in India, over the last three decades, C&K has 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 and 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.
Leisure - International operates in multiple countries, mainly under the Cox & Kings brand, with a greater focus on premium-end travel.
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.
We operate 16 hybrid hotels in Europe under the Meininger brand. Meininger has also signed a lease agreement for a 1,000 bed Hotel in Copenhagen and will take over the operation on January 1, 2017. Our unique selling proposition is that we can deliver the urban traveler a clean, safe, stay in a city-centre location at an affordable price.
Cox & Kings is one of the founding members of the World Travel and Tourism Council (WTTC) and also the member of premier industry associations across the world. Over the years the company has won many awards that stand testimony to its excellence in service.
Our Executive Director Ms. Urrshila Kerkar won the Game Changer of the Year Award and our Director Mr. Peter Kerkar was honoured by the British Travel and Hospitality Hall of Fame in 2015. |
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Media Contact Details
Thomas C Thottathil
Cox & Kings Ltd. +91 22 22637500 Nupur Maheshwari
Adfactors PR +91 9833229875 |
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