TTV up 8.8% to $4.71 billion for the nine months to 31 March.
Helloworld Travel Limited has just released a trading update, confirming sales and profit growth as well as improved margins for the first three quarters of the current financial year.
Total Transaction Value rose 8.8% to $4.71 billion for the period, with revenues of $260.5 million at a gross margin of 5.5%. TTV in the Australian segment increased 10.3% for the period, while the New Zealand segment grew 2.4%. Helloworld’s Rest of the World segment declined 8.3%, but “off a relatively small base,” the company said.
Pre-tax earnings for the period were up 14.7% to $54.9 million, with the company reconfirming its previous full year EBITDA guidance for FY19 of $76 million to $80 million.
Helloworld’s shares are currently trading at $4.13.
More details in today’s issue of Travel Daily.