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JTG shares fall amid profit warning

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Shares in Jetset Travelworld took another tumble this morning in the aftermath of its profit warning. The stock fell nine per cent to 91c on Wednesday and fell a further 6.59 per cent yesterday before losing 5.29 per cent in trading this morning.

The retailer warned yesterday that its pre-tax net profit is likely to be up to 30 per cent down on previous forecasts.

Meanwhile, the Jetset Travelworld board will remain unchanged after all directors were re-elected at its annual general meeting. John King was unanimously re-elected chairman withJohn Borghetti, Thomas Dery, Gareth Evans, Lesley Grant and Colin Storrie all retaining their seats on the board.


 

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