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How Rs 30 Crore Profit Decline Led To Rs 1,000 Crore Market Cap Wipeout

Thomas Cook highlights that upon establishing the “certainty of profitability” for its subsidiary, Sterling Holiday Resorts Ltd., the company has created a deferred tax asset worth Rs 23.1 crore during the quarter ended March 31, 2024.

In the financial year so far, the subsidiary has utilised as…

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