Wotif half yearly profits down

first_imgSource = e-Travel Blackboard: M.H Wotif.com has announced a half-yearly net profit after tax of AU$25.4 million, a result in line with October guidance but down 8 per cent on the year before. The online travel company’s total transaction value was AU$566.9 million, up one per cent on the corresponding period in 2009.”Our result is in-line with what we flagged to the market at our AGM last yearand very much mirrors the performance we saw in the business in the sixmonths to June 2010,” Wotif group chief executive Robbie Cooke said. “It contrasts markedly with the dynamics in play throughout calendar 2009 when consumers were holidaying locally to reduce overall travel budgets.” 3.6 million room nights were sold across the group, a decrease of 100,000 on the year before.”Whilst the number of room nights sold was slightly down on the record volumes achieved in the first half of last year, we improved on the 3.4 million room nights sold in the second half,” Mr Cooke said. Looking ahead, Mr Cooke said that whilst the start of the second half was “far from ideal”, the company had managed to maintain its bottom line performance at the levels achieved in January 2010.As well as introducing Trans-Tasman flights on Wotflight.com, the group has launched the first stage of multi-lingual functionality for its Asian operations.last_img