The Flight Centre Travel Group see 0.1% rise in NPAT in a subdued cycle

Company News

by Rachael Jones

The Flight Centre Travel Group (ASX:FLT) report net profit after tax attributable to owners of the company up 0.1 per cent to $263.8 million compared with $263.6 million in the previous financial year and say it's due to a subdued trading cycle.

They saw strong results in key overseas markets and continued out-performance in the corporate travel sector globally underpinned the company’s FY19 results, which included $23.7 billion in total transaction value (TTV) and an underlying $343.1 million profit before tax.

Revenue for the 12 months to June 30 increased 4.5 per cent to $3.05 billion.

It declared a fully franked final dividend of 98 cents, down from $1.07 in the previous corresponding period.

Shares in the Flight Centre Travel Group (ASX:FLT) are trading 8.07 per cent higher at $47.38.

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