Helloworld Travel reports strong first half performance.
Helloworld Travel Limited has just released its results for the six months to 31 December 2019, recording a 13% increase in half-yearly TTV to $3.6 billion.
Revenue jumped 9.8% to $200 million, led by organic growth and also business acquisitions including TravelEdge, Show Group and NZ’s Williment Travel.
Profit before tax was $32.9 million, up 4.9%, and the company will pay a fully franked interim dividend of 9.0 cents per share.
Newly appointed Chief Financial Officer, David Hall, said the company’s strong profit result and healthy balance sheet “supports future expansion and agent network growth, while providing positive outcomes for all our stakeholders”.
However the company warned that in the second half of FY20 it expects retail leisure, wholesale leisure and corporate businesses would be impacted by COVID-19, with minimal growth, if any, compared to the previous corresponding period.
More details in today’s issue of Travel Daily.