Flight Centre today confirmed it will post a record profit for the 2013/14 financial year and expects increased earnings over the next 12 months.
It expects to make a pre-tax profit of between $375m to $377m on revenue of more than $16bn for the year to June 30.
That’s 9% – 10% more than the previous year, also a record result.
MD Graham Turner said seven of the 10 markets in which it operates – Australia, UK, US, New Zealand, South Africa, China and Singapore – posted their best ever result.
He said FLT is looking forward to continued sales and profit gowth during 2014/15.
Mr Turner added that FLT has $480m cash and is open to strategic acquisitions.