BREAKING NEWS

On The Beach books $32.8 million in costs related to Thomas Cook refunds

Text size Aa Aa

(Reuters) – Holiday package provider On The Beach <OTB.L> reported a 3% rise in annual profit on Wednesday and said it booked a one-off charge of 25.6 million pounds ($32.84 million) due to refunds for clients affected by the collapse of Thomas Cook <TCG.L>.

The full-year adjusted profit before tax came in at 34.6 million pounds, compared with 33.6 million pounds last year.

(Reporting by Katarzyna Zajaczkowska in Bengaluru; Editing by Aditya Soni)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.