Webjet Ltd (ASX:WEB) profit jumps 40%

Company News


Online travel agent Webjet Ltd (ASX:WEB) has reported a 40% jump in profit for the half year with total transaction volumes up 37%.

Profit after tax for the six months to December 31, 2009 came to $5.2 million up from $3.7 million the year before.

Gross transaction values for the period were $248 million, up from $181.6 million recorded for the same time a year ago.

Webjet declared an interim dividend of 5 cents a share, up 67% from 3 cents last year.

The company says it is cautiously optimistic for the six months to June 2010 with evidence of increasing demand and strengthening economy.

Webjet posted profit of $7.68 million for the 2009 financial year.

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