Acquisition of Express Travel Group and related entities provides significant bottom-line boost.
Helloworld Travel Limited has reported a 62.5% increase in Total Transaction Value to $4.2 billion, with its best performing month coming in Jul 2023 – right at the start of the financial year – with $450 million transacted in the first 31 days alone.
The result was driven largely by the integration of Express Travel Group (ETG) and its related brands into the company’s brand portfolio.
The company officially gained control of ETG on 11 Aug 2023, which contributed $14 million to its Net Profit Before Tax.
Double-digit growth has been recorded across all major metrics, according to the company’s financial results for the year ending 30 Jun 2024, with Underlying EBITDA up 52.9% to $67.4 million.
Profit Before Tax is up an astonishing 93.7% to $40.7 million from the $21 million recorded 12 months ago, with Total Profit After Tax spiking 77% to $30.7 million.
The company will provide a fully franked final dividend of 6.0 cents per share based on an Ordinary Share price of $2.04.
More details in today’s issue of Travel Daily.