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Britain's Thomas Cook drops profit forecast for full-year due to weak home market


Devdiscourse News Desk Last Updated at 27-11-2018 14:06:14 IST United Kingdom
Britain's Thomas Cook drops profit forecast for full-year due to weak home market

British holiday company Thomas Cook cut its forecast for full-year underlying operating profit on Tuesday, the second downgrade in two months, and suspended its dividend due to a particularly weak home market.

The company said it now expected to report a figure of 250 million pounds ($320 million), down 58 million pounds on the previous year and below the target of 280 million pounds it set in September. ($1 = 0.7823 pounds)

(With inputs from agencies.)


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