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$8.8m profit for Magellan

MAGELLAN Travel Group has announced a 48% increase in profit for 2014/15, with members to share in a record $8.8 million. CEO Andrew Macfarlane said the result had eclipsed the earlier $8m forecast “and demonstrates that not only does our Group continue to grow but so too do our members. “We have always said it is the results and achievements of our members that drive our success and this demonstrates that Magellan agents are bucking the industry trend and achieving growth despite the ...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 27 Aug 15

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