Online travel agency Webjet Limited (WEB) has reported a 52.4% drop in FY13 profit to $6.5M, due to a flat domestic travel market and the cost of acquisitions

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Online travel agency Webjet Limited (WEB) has reported a 52.4% drop in FY13 profit to $6.5M, due to a flat domestic travel market and the cost of acquisitions. Stripping out those costs, normalised profit rose almost 6% to $14M. WEB has declined to give earnings guidance until its annual meeting on November 13. Shareholders will receive a final fully franked dividend of 7cps to be paid on the 17th October. It brings the total dividend payments to 13cps, unchanged from FY12. For more information visit: (VIEW LINK)

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