LONDON (Reuters) - Thomas Cook
The company, which was thrown a lifeline by lenders in May, said it was seeing an improvement in its finances and added that demand for last-minute summer holidays had been strong.
Analysts expect the 171-year-old company to post pretax profits of 35 million pounds ($56.7 million) for the year ending September 30, according to Thomson Reuters I/B/E/S Estimates.
Thomas Cook will report full-year results on November 28. It said it was on track to meet expectations for the period, after posting a first-half loss in May of 328.3 million pounds.
"My priority has been to ensure a renewed focus on delivering to our plans for the current financial year," said Chief Executive Harriet Green in a statement.
Formerly the head of electronic parts distributor Premier Farnell
Rival operator TUI Travel
Shares in Thomas Cook, which have risen 3 percent in the last three months, were down 1.6 percent at 15.75 pence in opening trade on Friday, valuing the firm at 151 million pounds. ($1=0.6176 British pounds)
(Reporting by Sarah Young; Editing by Greg Mahlich)
Source: http://news.yahoo.com/thomas-cook-says-turnaround-track-071656399--finance.html
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