Thomas Cook UK and Ireland has posted its third consecutive year of record profits, achieving a staggering £87.1 million pre-tax profit in the 12 months to the end of October 2006.

In the previous 12 months, the company made a profit of £83.3 million following on from the £51 million for the 2003/04 financial year.

Thomas Cook increased its profit margin from 5% to 5.1%, which gives it the highest margin of the mass market operators.

Chief executive Manny Fontenla-Novoa said the company was on target to meet its ambitious 2006/07 target, although the figures have not been declared.

The Thomas Cook group made a pre-tax profit of 170.8 million euros for the year.