Wotif.com Holdings Limited (ASX:WTF) expects to deliver an operating profit in excess of $27 million in the first half of the 2012 financial year.
The online travel-booking provider’s forecast is in line with analyst expectations but reliant on currency fluctuations and consumer confidence.
Speaking at the company’s annual general meeting, CEO Robbie Cooke says the current financial year has gotten off to a good start.
The company’s flights business has recorded a 13 per cent rise in the value of bookings processed and room nights "stayed" are up 2 per cent in the first quarter compared to the same time last year.
Shares in Wotif.com Holdings ended 3.35 per cent higher yesterday at $3.70.
In the full year ended on June 30, 2011 Wotif.com Holdings generated a net profit of $50.96 million, dipping 3.8 per cent from the year before.
WTF Price at posting:
$3.70 Sentiment: None Disclosure: Held
