CTM “continuing to outperform the market”.
Corporate Travel Management has just released its full year results to 30 Jun, with a full year statutory net profit after tax of $11.8 million – up 43% on the previous year.
Total transaction value grew 36% to $681.3 million and revenue soared 40% to $65.28 million, while the company declared a 6c per share final dividend, bringing its full year payout to 9c.
CTM managing director, Jamie Pherous, said the company’s TTV growth “sees us continuing to outperform the market in comparison to recent airline traffic data and the effects of broader economic conditions.
“Record new client wins combined with a high client retention rate and our acquisition strategy has contributed to CTM’s continued success,” he said.
The company is forecasting EBITDA growth of 15-20% for 2012/13, with Jul-Aug 2012 trading at the top of the predicted growth range “despite tough and uncertain economic conditions”.
More information in today’s Travel Daily.