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Flight Centre continues profit run
Flight Centre has forecast its profit before tax will rise between 8 per cent and 12 per cent in 2013-14, after reporting its 14th record profit before tax for the 2012-13 financial year.
Stronger sales and improved margins have helped Flight Centre lift its net profit 23%.
Australia’s largest travel agency’s 2012/13 profit was $246 million, up from $200 million the previous year.
Revenue was up nine per cent to $1.99 billion.
Managing director Graham Turner said the company recorded profits in all 10 countries it operates in for the third consecutive year.
Sales of both leisure and corporate travel increased 20%.
"Key result drivers for 2012/13 included business growth, margin improvement, productivity enhancements and diversity," Turner said in a statement.
The company expects to grow its sales network by between eight and 10 per cent this year.
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