Sydney - Tuesday - August 15: (RWE Aust Business News) -
Following the integration of Harvey World Travel S8 Ltd (ASX:SEL) has
issued guidance for 2006/07 and 2007/08.
It expects net profit of $44 million and $60m each year
respectively and earnings (EBITDA) of $85.98m and $123.03m respectively.
The guidance assumes six months of cost and revenue synergies in
2007 and full year cost and revenue synergies in 2008.
It does not allow for the impact of the sale of assets to the S8
Property Trust, which is currently planned for 2006/07.
It also assumes no material change to the Australian/New Zealand
exchange rate.
"The FY06 net profit result from Harvey World Travel for nine
months ending 30 June 2006 will be $7.5 million compared to the $2.6
million full year result forecast in the target's statement released last
September," chairman Jenny Hutson said.
"The benefits that will arrive from bringing the current S8 Group
together in a complete fashion with Transonic, Travelscene and Gullivers
are also very significant."
SEL
s8 limited
