News: Wotif profits dip

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Wotif.com Holdings Limited (ASX:WTF) has posted a full year net profit of $51 million, a 12 per cent decline on last year’s result.

 

Despite the drop in profit, CEO Scott Blume says the company is positioned to improve its overall business and financial performance in the year ahead in the face of a problematic Australian retail environment.

 

In the year to June 30, revenue inched higher to $146.6 million, from $145.3 million in the previous year.

 

Wotif will pay a fully-franked final dividend of 11.5 cents.