CTM statutory net profit after tax $76.7 million for FY18.
Corporate Travel Management has just released its financial figures for the year to 30 Jun, with every region in the TMC’s global network recording a record result.
Total transaction value jumped 19% to $4.96 billion, while revenue was up 14% to $372 million and underlying EBITDA was $125.4 million. The company declared a final dividend of 21c per share, taking the payout for FY17 to 36c.
Managing director Jamie Pherous said the result demonstrated that “our business model and strategic investment decisions are working well for our clients and investors”.
He said the company overall had won “significant global clients” due to its global network and SMART technology suite. CTM expects its full year EBITDA for FY19 to be in the range of $144-$150m, a growth of up to 20% on this year.
More details in today’s issue of Travel Daily.