Webjet FY profit improves 5%

Company News


Webjet Limited (ASX:WEB) has improved its fiscal 2011 year profit by 5 per cent to $11.006 million.

The online travel agent is expecting to double this growth in fiscal 2012.

Year-on-year Australia and New Zealand’s core operations delivered a 10 per cent increase in underlying full year profit.

Looking ahead, Webjet plans to ramp up its expansion into multi-supply hotel offerings to more than 100,000 hotels by January 2012.

A fully franked final dividend of six cents has been declared, bringing the full year dividends to 11 cents.

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