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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.