Significant TTV growth: Flight Centre Travel Group Ltd (ASX: FLT) revenues rose 6.8% yoy to $2.4 billion for the fiscal year of 2015, driven by significant total transaction value improvement by 9.7% yoy to $17.6 billion. Flight Centre attained a new TTV milestone across all of its 10 countries and regions. Moreover, the group’s international markets, UK and Ireland, USA, South Africa and Singapore achieved record earnings before interest and tax during the period leading to >$100million overseas EBIT for the first time. As a result, FLT delivered a statutory PBT increase of 13.1% yoy to $254.8 million while statutory PAT surged 24% yoy to $256.6 million during the period. Meanwhile, around 4.5 million room nights were sold by the Australian business alone during the FY15. In tour operations segment, Back-Roads, Top Deck and Buffalo contributed around $200 million turnover this year. Pedal Group JV generated around $56 million in sales and $3.2 million in EBIT during FY15, under the bikes segment. On the other hand, the group’s income margin fell by 40 basis points to 13.6% against pcp, impacted by decrease in commission earnings in Australia, accommodation TTV component recognition and change in product mix. To read the complete report Click Here
Two Bargain Stocks to Buy - Flight Centre + Ozforex Group

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation.Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product.The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in:  BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Copyright © 2015 Kalkine Pty Ltd ABN 34 154 808 312. No part of this website, or its content, may be reproduced in any form without the prior consent of Kalkine Pty Ltd.
Kalkine is a trading name of Kalkine Pty Ltd ABN 34 154 808 312, which holds Australian Financial Services Licence No. 425376.

Leave a Reply