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


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