Company’s Total Transaction Volume (TTV) up 9.1% to $6.5 billion.
Helloworld Travel Limited has just released its key financial results for the year to 30 Jun 2019, with the company’s earnings before interest expense, tax, depreciation and amortisation (EBITDA) up 20.8% to $77.3 million.
Profit before tax rose 21% to $54.5 million, while the after-tax result was $38.2 million, an increase of $7.3 million.
The company declared a final dividend of 12.5 cents, taking the total payout for the year to 20.5 cents per share.
The results announcement also revealed that last year’s acquisition of the Show Group business cost Helloworld $7 million, while NZ-based Williment Tarvel Group was acquired in June for $800,000. The recent sale of Insider Journeys brought in $2.4 million for the company, with the figures also confirming Insider Journeys lost $700,000 over the last year.
Associates and joint ventures, including MTA Travel, Hunter Travel Group and Inspire Travel Management, contributed a total of $1.4 million to the group’s profit, of which the majority ($1.3 million) came from MTA.
More details in today’s issue of Travel Daily.