Wotif issues profit warning

Company News

Wotif.com Holdings Limited (ASX:WTF) has flagged a lower first-half profit, warning the outlook for the second half of fiscal 2014 remains volatile.
 
The online travel booking company says it’s expecting a first-half net profit after tax in the range of $21.9 million to $22.6 million, which is less than the $27.5 million recorded in the previous corresponding period. 
 
Wotif.com also says it expects the total group transaction value to be flat, with a decline in Australian and New Zealand hotel accommodation of around 5 per cent, likely to be offset by strong growth in flights and gains from the launch of dynamic packaging.
 
Given the volatility, Wotif.com says it cannot provide guidance for the full year.
 
Wotif generated a net profit of $51 million in fiscal 2013.