AS AUSTRALIA's mortgage-saddled barbecue belt feels the pinch from high interest rates and soaring petrol prices, Wotif.com Holdings director and co-founder Andrew Brice has handed over 1 million shares to the University of Queensland (UQ).Back in February, Brice and fellow UQ alumnus Graeme Wood pledged an estimated $18 million to the UQ Endowment Fund. Wood and Brice, co-founders of accommodation website Wotif.com, committed $8 million worth of Wotif.com shares between them to the fund.
Brice chipped in with 2 million more shares over the next two years and has made good on the first instalment. Wood pledged an extra $2 million over the next five years.
Wotif has announced a 31% increase in net profit, to $34.5 million. Total revenue was $94 million, up 40% on last year.
