Media Release
Strong Profit And Accelerated Growth - Webjet Results To 30 June 2005
23rd August 2005
Appendix 4e Preliminary Final Report
Webjet – Australia’s Multi Award Winning Online Travel Service today announced:
- Net profit of $1.44 million (compared with loss to 30 June 2004 of $1.14 million)
- Profit before amortisation and depreciation $1.83 million (compared with last year loss of $1.1 million)
- Gross transaction value for the year to 30 June 2005 of $76.5 million (compared with last year $20.8 million)
- Cash on hand at 30 June 2005 $3.35 million (compared with last year $0.794 million)
Commenting further, Webjet Managing Director, David Clarke said:
Webjet has completed a truly amazing year and delivered on its business plans. We are delighted with the results and consider that they validate our business model.
More significantly, the new financial year has commenced trading very strongly with gross transaction values in July of $10.9 million and August of $12.5 million (estimate ) a total of $23.4 million compared with $6.9 million last year), and importantly a projected maintenance of gross profit margins in the changed domestic commission environment depending on the future mix of business.
Whilst no forecasts are made at this time, we are extremely pleased with the start of the new financial year.
The full 4e filing and Annual Financial Report may be accessed on the ASX and the Webjet site can be found at webjet.com.au