Corporate Travel Management Ltd (ASX: CTD) reported its result for the half year to 31 December 2017.
Corporate Travel is a provider of travel management solutions to the corporate market, as the name suggests.
Here are some of the highlights compared to last year:
- Total transaction value, which is the cost of the tickets it’s selling, increased by 21% to $2.26 billion
- Revenue and other income increased by 15% to $172.8 million
- Underlying day to day trading, or EBITDA, increased by 32% to $53.5 million
- Profit increased by 38% to $30.6 million
- Half year dividend up 25% to 15 cents per share
The company said that it is on track to achieve the top end of its FY18 guidance of underlying EBITDA growth of between $120 million to $125 million, which would represent growth on 22% to 27.5% compared to last year.
Corporate Travel Management’s Managing Director Jamie Pherous said “We have delivered another great set of results across the globe.”
We have continued to expand through increasing market share. – Pherous
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