Mumbai: Travel company Thomas Cook (India) Ltd said fourth-quarter profit rose 78.3% as the company implemented cost-saving measures.

Net profit, including those of units, rose to 1.4 crore in the quarter ended 31 March from 78.5 lakh in the year earlier. Total income for the quarter fell 11.05% to 86.92 crore from 97.72 crore.

Shares of Thomas Cook ended flat on BSE at 54.95, while the benchmark Sensex gained 0.16% to 19,722.29 points.

“Our proactive steps of prudent cost management to reduce our interest costs have also contributed significantly to help deliver these impressive results," said Madhavan Menon, managing director, Thomas Cook (India).

With forward bookings for leisure outbound business already up by 22%, Thomas Cook anticipates a strong performance for the upcoming summer holiday season, Menon said.

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