HLO full year results confirm pre-tax profit of $46.2 million, up 49% on 2017.
Helloworld Travel Limited has just released its results for the year to 30 June 2018, with the figures indicating the company made $46.2 million in profit before tax, up $15.2 million on the previous year.
Total Transaction Value broke through the $6 billion barrier, increasing 3.5% or $204.7 million to $6,077 million.
The company declared an 11c final dividend, making the payout to shareholders a total of 18c per share for the year ended 30 June 2018.
The ASX announcement also details a number of transactions during the year, including the acquisition of the Magellan Travel Group, Flight Systems Pty Ltd and Asia Escape Holidays, which delivered a combined profit contribution of $200,000 before tax.
In addition information was provided about the sale of Down Under Answers for $1.6 million, the $1m acquisition of 12% of Hunter Travel Group, and the acquisition of 20% of Cooney Investments for $800,000. Payments for these various deals were a combination of cash and shares. The company also revealed that its 50% stake in MTA Travel saw a $1.4 million profit contribution.
More details in today’s issue of Travel Daily.