News: Wotif flags slower sales

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Wotif.com Holdings Limited (ASX:WTF) says holiday accommodation bookings are soft despite a rebound in consumer confidence.

 

Addressing his first annual general meeting as managing director, Scott Blume told shareholders a change of government in Australia has not led to more sales, even though a leading consumer sentiment reading has been in positive territory for two straight months.

 

Mr Blume says Wotif.com's Asian businesses are also continuing to underperform.

 

He says the online travel group is unable to provide earnings guidance given the number of key projects under way but promised forecasts would be issued with the first half results next year.

 

Wotif's net profit fell 12 per cent during the 2013 financial year to $51 million.