Wednesday, April 21, 2010

Wotif.com Profits Up

We note that Aussie-owned online travel and accommodation website operator, Wotif.com Holdings has announced that its annual net profit is likely to climb as much as 28 per cent.  The group's major brand, Wotif.com is a popular OTA with many Kiwi accommodation providers.

The group said its net profit for the 12 months to June 30 was expected to come in at between $52 million and $56m, compared with $43.5m a year ago. The group's most notable achievement this year was the launch of airline flight reseller, wotflight.com. 

Although their share price has taken a small hit this month, the company continues to be a leading success story in a sector that is still afflicted with the long tale of the recession.

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