Cox & Kings plunges over 3% as Q1 net shrinks

Shares of tour and travel firm Cox & Kings today fell by over 3 per cent after the company reported a 23.67 per cent decline in consolidated net profit for the first quarter ended June 2016.
The stock slipped 3.05 per cent to end at Rs 187.40 on BSE. During the day, it declined 4.16 per cent to Rs 185.25.
On NSE, it went down 3.2 per cent to close at Rs 187.20.
Consolidated net profit of Cox & Kings for the June quarter fell 23.67 per cent to Rs 108.07 crore.
The company had posted a net profit after taxes, minority interest and share of profit of associates at Rs 141.60 crore for the same period of the previous fiscal, Cox & Kings had said in a filing to BSE.

Consolidated total income from operations also declined to Rs 2,065.12 crore for the June quarter as against Rs 2,131.80 crore a year earlier.