Webjet profit soars to $10m

Webjet profit soars to $10m

Online travel company Webjet’s half year profit has soared 17 per cent to $10.7 million on the back of a rise in flight bookings and investment in its hotels business.

Webjet says total transaction values – or the price it sells travel products and services as an agent for airlines – lifted more than 28 per cent to $796 million in the six months to December 31.

The result puts the airfares and flight booking company on track to meet its full year earnings target of $33.5 million.

Shareholders will receive an interim dividend of 6.25 cents a share, up 0.25 cents on last year.

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