CTD corporate travel management limited

News: CTD Corporate Travel Management Reports HY Net Loss Attributable A$8.6 Mln

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    Feb 16 (Reuters) - Corporate Travel Management Ltd (CTD) :

    • HY REVENUE FROM ORDINARY ACTIVITIES A$158.1 MILLION VERSUS A$56.5 MILLION
    • HY NET LOSS FOR THE PERIOD ATTRIBUTABLE A$8.6 MILLION VERSUS LOSS OF A$36.4 MILLION
    • SEES CLIENT ACTIVITY WILL MATERIALLY INCREASE IN 4Q22 AS TRAVEL RESTRICTIONS ARE RELAXED
    • HAS NOT OFFERED FY22 PROFIT GUIDANCE BECAUSE OF UNCERTAIN SHORT-TERM TRADING ENVIRONMENT
    • SEES STRONGER THAN NORMAL SEASONAL SKEW OF PROFIT TOWARDS H2 OF FY IS EXPECTED IN 2H22
    • UNDERLYING EBITDA TO BUILD DURING FEB AND MARCH AS ORGANISATIONS IN NORTH AMERICA, UK/EUROPE AND ANZ RETURN TO OFFICES
 
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