Wotif.com $27.5m Profit, Down 5% 1H2013

Submitted by Share Trading on 5 March, 2013 - 08:33

Online accommodation and travel booking service, Wotif.com (ASX:WTF) have announced its half year financial results for 2013 to its shareholders and investors on the Australian stockmarket.

  • Wotif.com post a profit of $27.5 million for the half, down 5 percent.
  • Costs relating to online marketing, web maintenance and increasing employees raised operating costs by 6 percent.
  • Australian and New Zealand accommodation revenue up 1 percent; flights revenue up 11 percent while international hotel bookings in Asia, Europe and America down 19 percent.
  • 10 percent of Australian accommodation was booked through Wotif in the first half.
  • Wotif brand recognition in Australia at about 60 percent.
  • Wotif plans to increase its commission base to 11 percent as a new policy phases in as contracts are up for renewal.
  • Wotif.com also owns LastMinute.com.au and LateStays.com.
  • Wotif has a new Chief Executive Officer Scott Blume. Outgoing CEO Robbie Cooke went to Tatts Group.
  • Wotif.com has declared an interim dividend of 11.5 cents per share.