TTV, revenue and profit leap as HLO declares 6c per share dividend.
Helloworld Travel Limited has this morning released its results for the 12 months to 30 June, with the figures confirming an after-tax net profit of $19.2 million – a turnaround from last year’s $28.8 million full year loss.
TTV increased 138% to $2.57 billion, while revenue soared to $165.9 million, with the company forecasting ongoing growth including underlying EBITDA guidance of $64 million – $72 million for the 2023/24 financial year.
CEO Andrew Burnes said the company will pay a 6c per share fully franked final dividend, with the result underpinned by strong demand from travellers, the removal of border restrictions and increasing supply and capacity.
“Following the most challenging time in the travel industry, Helloworld has gone from strength to strength, delivering multiple profit upgrades and continuing to support our network members and customers,” he said.
More details in today’s issue of Travel Daily.