BWI: International Travel House Ltd Net Profit up by 38%

Press release from Business Wire India
Source: International Travel House (ITH)
Monday, May 10, 2010 11:02 AM IST (05:32 AM GMT)
Editors: General: Consumer interest, Economy, Travel & tourism; Business: Banking & financial services, Business services, Financial Analyst, Stock exchanges, Travel & tourism; Technology
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International Travel House Ltd Net Profit up by 38%


New Delhi, Delhi, India, Monday, May 10, 2010 -- (Business Wire India) -- Financial Highlights

. It has achieved an operating profit of Rs.17.00 crores up by 26% from previous year's (2008-09) Rs.13.45 crores.
. Net profit of the company increased to Rs.11.29 up by 38% as compared to Rs.8.18 crores for the Corresponding last financial year.
. Earnings per share for 2009-2010 reached at Rs14.13 crores as against Rs.10.24 for the corresponding last year 2008-2009).

International Travel House Ltd (ITH), the 29 year old integrated travel management company has shown a growth in Profit after Tax of 38% for the year ended 31st March 2010.

During a period when the overall global economic scenario continued to be depressing and where every corporate customer undertook severe belt-tightening measures, ITH through aggressive efforts at new customer acquisition, retention of existing clients through outstanding service quality, and a tight control over expenses has managed to show impressive growth and demonstrated its resilience and competitive strength.

"It has not been an easy year" said Jehangir Ghadiali, Managing Director ITH, "Our team has had to work really hard in the face of immense competition and severe cutbacks on travel budgets by our regular customers. Finally our professionalism and dedication to customer service won the day and we have closed the year with a significant growth in our bottom line."

Going forward the company has lined up significant investments in the areas of technology; international alliances and marketing to further enlarge its customer base. Talking of future prospects, Ghadiali said, "The steps we have taken over the last many months have begun to bear fruit. I expect the next year's performance and growth to be even better."

About the Company

International Travel House is one of the largest complete travel management companies in India, with each of its products and services bearing the distinct ISO 9001 quality benchmarking. The Travel House network across India consists of 11 IATA Travel Offices, 13 Car Rental Offices and 18 Hotel Travel counters. ITH is one of India's leading car rental companies with a fleet of over 600 cars. The company which is an associate company in the ITC group is also a major player focusing on outbound holidays and incentive travel

businesses and is also a prominent conference and exhibition organizer. In the process the company was able to manage long haul destinations in North America, South Africa and Europe for its key clients.


CONTACT DETAILS
Sonali Shyam, Dmas PR Pvt. Ltd, +91 9891820253, sonali@dmaspr.com

KEYWORDS
CONSUMER, ECONOMY, TOURISM, BANKING, BUSINESS SERVICES, Financial Analyst, STOCK EXCHANGES, TRAVEL, TECHNOLOGY

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