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Back to black for All Leisure
Cruise and tour operator All Leisure Group increased its operating profit by £300,000 to £3.4m last year.
Its full year profit for the year ended October 31 was £5.7m, which compared to a loss of £2.1m in 2010.
Underlying operating profit was £2.6m, compared to £2m the previous year.
Chairman Roger Allard said it was a "reasonable performance" given the backdrop of unprecedented natural disasters, geo-political events and challenging market conditions including reduced discretionary spending, persistent low interest rates and increased oil prices.
He said the group’s strategy going forward was to grow by exploiting the increasing demand for destination-led cruise holidays, targeting the over-55, English-speaking market.
By Linsey McNeill
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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