Australia's largest travel agency, Flight Centre (FLT) delivered another strong Full Year result
Australia's largest travel agency, Flight Centre (FLT) delivered another strong Full Year result. FLT's group *Total transaction value lifted by 7.7%. Flight registered an 8.7% lift in revenue backed by strong sales growth both online (up 20%) and in store. Australian TTV growth of 9% as leisure travel performed strongly during the 2nd Half that more than offset a slight fall in domestic corporate travel. The fall in the Aussie dollar has not really dampened demand and it has helped lift profits in FLT's offshore units. Flight Centre's international EBIT was up 20% to $74.4Million, the only areas of weakness were sales from Canada & Dubai. Flight is targeting $370?$385m profit before tax, assuming stable trading conditions excluding any significant unforeseen items. FLT declared a 2H dividend of$0.91c a share to be paid on October 18th 2013. For more info visit: (VIEW LINK)
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