Apollo Tourism & Leisure announces stellar half year results

Company News

by Anna Napoli

Tourism company Apollo Tourism & Leisure (ASX:ATL) has reported its net profit after tax (NPAT) rose about 349 per cent to $16 million for the half year to December 2017.

Revenue was also up 129 per cent on the prior corresponding period to $172 million.

Its earnings before interest and tax (EBIT) increased over 255 per cent to $28 million.

The company declared a fully franked interim dividend of 2 cents per share to be paid on the 14th of March 2018.

The Directors of Apollo say the first half results are in line with expectations and reflect the positive impact of recent acquisitions.

Shares in Apollo (ASX:ATL) closed down 4.47% per cent to $1.82 yesterday.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.