TUI Q2 Profit Increases

reported an increase in its second-quarter pretax profit. TUI's quarterly pretax profit climbed to 268.1 million euros ($300.36 million), versus a year-ago pretax profit of EUR264.4 million. Its turnover increased to EUR3.41 billion from EUR3.13 billion. The company's earnings before interest, taxes, depreciation, and amortization jumped to EUR125.0 million in the latest quarter, compared to EUR85.0 million in the year-earlier period. For fiscal 2015, the company projects underlying operating profit to rise 10 percent to 15 percent. TUI shares rose 0.51 percent to close at $9.81 yesterday.