Subscribe


Travel Daily

TD breaking news – CTM earnings up 60% to $42.1 million after tax

“Another great result” for Corporate Travel Management. 

Listed TMC Corporate Travel Management has released its financial results for the year to 30 June, with ceo Jamie Pherous saying each region in the company’s network “delivered record profits, demonstrating that our business model and strategic investment decisions are working well for our clients and investors”.

TTV rose 35% to $3.6 billion, while the statutory net profit after tax was $42.1 million, an increase of 60% on the prior year. The company declared a fully franked dividend of 24c per share, up 50%, with CTM forecasting underlying EBITDA of $85m-$90m for the coming year.

Pherous said CTM had continued to expand through increasing market share. “Organic growth contributed to approximately 80% of our profit growth, reflecting the efforts of our hard working team to win and retain clients,” he said.

More details in today’s issue of Travel Daily.


The above Breaking News Alert was sent to Travel Daily subscribers on 26 Aug 16

Make a comment...



Established in 1994, Travel Daily is Australia's leading travel industry publication, and is sent as a paid subscription to people across the industry as a PDF newsletter every weekday.

Register for Travel Daily trial subscription

To sign up for a free 14-day trial, click on the button at right.

Click here to see a sample issue of Travel Daily.

Click here for more information on subscriptions.

Alternatively, you can search our site or find other content below.

Recent Travel Daily articles

20 Jan

Travel Specials 20 Jan 17 - ...


20 Jan

Window Seat 20 Jan 17 - A PARIS wax museum that was halfway ...


20 Jan

Hunter Expo a raging success - LAST weekend's helloworld Holiday & Cruise Expo ...


20 Jan

CTS agent’s Munich musing - TRAVEL agent Chris Keighley, from Complete Travel ...


20 Jan

SYD pax growth up - INTERNATIONAL passenger growth at Sydney Airport in ...


20 Jan

London visitor record - A record 14m international visits to London ...


20 Jan

Booking.com pact - INGENICO ePayments will provide global payment processing ...


20 Jan

Change at SITA - SUMESH Patel has stepped into the role ...


20 Jan

Southern Goldie app - AN app providing a mobile guide to ...


20 Jan

SilkAir CNS increase - SILKAIR will increase the number of weekly ...


20 Jan

AIME Rising Star - THE Asia-Pacific Incentives and Meetings Expo (AIME) ...


20 Jan

Ski resort buried - AROUND 30 people are believed to be ...


20 Jan

Humpack diving - NINGALOO Reef Humpback Whale interaction tours will ...


20 Jan

Air China to Athens - AIR China plans to launch a thrice-weekly ...


20 Jan

AA Basic Economy - AMERICAN Airlines will be introducing a new ...


20 Jan

Trump in Vancouver - A NEW Trump International Hotel and Tower ...


20 Jan

TASCo famil spaces - THE Africa Safari Co. has space for ...


20 Jan

Marvel EPD bonus - TRAVELMARVEL is offering agents who book a ...


20 Jan

Hyatt wellness focus - HYATT Hotels Corporation this week announced the ...


20 Jan

HNA mulls ASX listing - CHINA-OWNED HNA Group is contemplating listing a ...



Show Travel Daily items by month: