Wotif Shares Bounce on Positive Result

Wotif has bounced back with a positive result for the six months to December 31, 2011, making a net profit of $28.8m. That's $3.4m more than the same period in 2010. A big factor was a $2.4m reduction in costs. The company also benefited from a 1% group-wide rise in room rates. Unfortunately room night sales fell 2% – 3.63m compared with 3.71m in 2010. However, investors liked what they saw and pushed the share price up 10%.

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Related posts:

  1. Wotif Shares Bounce off Bottom
  2. Slower Wotif Sales Boosted By Acquisitions
  3. Sales Down In All Markets For Wotif.com
  4. Wotif Profit Up, Share Price Down
  5. China Sales Up For eLong But Challenges Remain

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