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

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By Reuters

(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)