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Travel services firm Thomas Cook India on Monday reported widening of its consolidated net loss to Rs 50.3 crore in the fourth quarter ended March.

The company had posted a net loss of Rs 20.23 crore in the corresponding period of the previous year.  However, for the 2021-22 financial year, the company reported narrowing of its net loss to Rs 253.9 crore, as against Rs 295.19 crore in the previous fiscal, a regulatory filing showed.

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In a statement, the company said its sustained focus on technology delivered end-to-end digitisation across its businesses, including B2C and B2B self-booking/servicing tools and dynamic customisation, vendor management and automated accounting/payment solutions.

The digital acceleration serves to further augment the company’s omni-channel model towards an enriched customer experience, it said.  Madhavan Menon, Managing Director, Thomas Cook (India) Limited, said, “Despite the Omicron wave reducing the quarter to 45 days and the reopening of Indian skies for scheduled international flights only on March 27th, our teams have delivered a commendable performance this quarter with an operating EBITDA of Rs 239 million.” PTI RSN ABM ABM

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