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TD breaking news – Helloworld reports $3.45 million annual profit

Company declares first dividend since 2013.

Helloworld has just released its financial results for the 12 months to 30 June, as well as its full annual report to shareholders. The figures indicate that the group’s total transaction value grew 8.3% during the year to $5.09 billion, with revenue up 6.7% to $298 million and a pre-tax profit of $3.45 million.

The company has declared a 2c per share dividend, with ceo Andrew Burnes saying it had been a year of change for the company following its merger with the AOT Group on 01 Feb.

“AOT brings a long tradition of outstanding financial performance and tight cost management to the Helloworld business and the identified synergies and cost reductions which have been and are being implemented will continue to see improved financial performance for Helloworld in the years ahead,” Burnes said.

He said in 2016/17 Helloworld will align its bricks and mortar franchise network distribution with its online distribution platforms, “to create an integrated solution giving our customers the best of both worlds – full service agency advice and protection combined with fully functional and easy to use online tools”.

Burnes said the outlook for Helloworld is very positive, with sound business fundamentals and continued demand in retail, wholesale/inbound and corporate divisions.

Full details in tomorrow’s issue of Travel Daily.


The above Breaking News Alert was sent to Travel Daily subscribers on 25 Aug 16

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