Helloworld has announced its results for the half year which ended on 31 December 2016, and the numbers show strong business performance, with the company recording a profit before tax of $18.7 million.
Helloworld Limited today announced its results for the half year ended 31 December 2016. The Group has turned around a loss before tax of $1.0m in December 2015 to a profit before tax of $18.7m.
“These half year results are a demonstration of our strong business performance, building on a period of significant change in FY16 following the merger with the AOT Group on 1 February 2016.” Helloworld Limited Chief Executive Officer and Managing Director, Andrew Burnes said.
For the half year ended 31 December 2016, Helloworld Limited achieved an EBITDA of $30.1m, an increase of $22.0m compared with the prior comparative period. Earnings for the half year were 11.5 cents per share and it was announced that a fully franked interim dividend of 6.0 cents per share would be paid. This is the second time since 2013 that a dividend has been paid, the first being at the end of the FY16 results in September 2016.
“We have positive momentum in the business. We have made some key achievements over the past year including EBITDA growth for all business segments against the prior comparative period on both reported and pro-forma basis. We have delivered a significant turnaround from the reported loss after tax in the first half of 2016, whilst integrating the Helloworld and AOT businesses.”
“Our retail network has increased to over 2,000 members across Australia and New Zealand, reflecting the stabilisation of our pre-existing network and the addition of MTA in Australia and World Travellers Group in New Zealand. We continue to strengthen our relationship with our member networks and customers ensuring we are aligned to achieving our objective of providing enhanced customer service experiences across our business.” Mr Burnes said.
“Business fundamentals are heading in the right direction in our key market segments with demand for our integrated service offering continuing to develop and grow. Helloworld is benefiting from efficiency and cost control initiatives implemented since the merger with the AOT Group in February 2016.” added Mr Burnes.
For the full Results Announcement see the Helloworld Limited website www.helloworldlimited.com.au