Webjet updates its profit guidance

Published: 15 Nov 2007

The online travel company advised that trading results for the period 1 July to 31 October 2007 are currently materially better than envisaged in guidance note released 1 August 2007.

Webjet Managing Director, David Clarke said: "The first four months of the financial year currently indicate a profit before tax result, which, if continued to 30 June 2008, would suggest a result in the range of 10-15% better than current guidance numbers."

"Whilst it is clearly too early in the year to reach a forecast position, we are extremely pleased with the indicators for the first half which suggest a percentage improvement of between 60% and 70% which would produce a PBT of between $3.3m to $3.6m compared with $2.1m last year for the six months to December."

As per the information available, In August, the company forecast profit before tax to rise by around 36 per cent to A$7.2 million (US$6.4 million), up from A$5.3 million in 2006/07.

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