AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
AUST CO. FLIGHT CENTRE EYES OVERSEAS EXPANSION VIA ACQUISITIONS.
SYDNEY, Nov 1 Asia Pulse - Travel agency network Flight Centre Ltd (ASX:FLT) says last year's momentum had continued into this financial year and that it expected to hit its target of 15 per cent growth in full year pre-tax profit.
"Pleasingly, the momentum gained during the second half of 2006/07 has continued into the early months of 2007/08," Flight Centre chairman Bruce Brown told shareholders at the company's annual meeting in Brisbane today.
"For the full year, the company expects a minimum of 15 per cent pre-tax profit growth, excluding the abnormal gain recorded during 2006/07," Mr Brown said.
He said Flight Centre expects to post a net profit increase of 40 per cent in the first half of fiscal 2008.
"Based on our performance to date, we expect the net profit before tax at the end of the first half will be in the order of 40 per cent above what was a relatively poor previous corresponding period," he said.
In 2006/07, its net profit rose by 51 per cent to A$120.8 million (US$111 million).
Flight Centre managing director Graham Turner said trading conditions in Australia remain positive.
- FLIGHT CENTRE, TURNER FAMILY SET TO FORM BICYCLE JV.
- News wire article from: AsiaPulse News September 1, 2008 700+ words
...Pulse - Travel retailer Flight Centre Ltd (ASX:FLT) and the Turner family are set to form...is jointly owned by Flight Centre managing director Graham Turner's family company and by Matthew Turner. Flight Centre said contributions by...
- Turner changes seat in Flight Centre cockpit.
- News wire article from: Australasian Business Intelligence July 24, 2002 700+ words
...Visionary Australian Flight Centre founder, Graham Turner, will relinquish...Australia. Turner said on 22 July...his duties. Flight Centre has already...September 2001. Turner's initial...23 July 2002 FLIGHT CENTRE LIMITED - ASX...
- Flight Centre takes a Turner at the top.
- News wire article from: Australasian Business Intelligence July 24, 2002 700+ words
...Australian ABIX via COMTEX) -- Flight Centre founder, CEO and managing director, Graham Turner, will step down from an executive...managing director. Shane Flynn, a Flight Centre executive in charge of the company...
- Flight Centre hit by overreaction, says Turner.
- News wire article from: Australasian Business Intelligence September 18, 2001 700+ words
...2001 (The Courier-Mail ABIX via COMTEX) -- Flight Centre founder, Graham Turner, says investors have over-reacted to recent...stymied by franchise territory and union issues. FLIGHT CENTRE LIMITED - ASX FLT: QANTAS AIRWAYS LIMITED...
- FLIGHT CENTRE YEAR NET PROFIT RISES 17PCT.
- News wire article from: AsiaPulse News August 19, 2004 700+ words
...Holiday Escape rebranding to Flight Centre in New Zealand. Mr Turner said Flight Centre's Australian leisure...of nearly $1 million. Flight Centre said its United States...to $2.6 million. Mr Turner said the company would...
- AUSTRALIA'S FLIGHT CENTRE POSTS 20 PCT INCREASE IN H1 NET PROFIT.
- News wire article from: AsiaPulse News February 28, 2002 700+ words
...franked previously. Flight Centre chief executive officer Graham Turner said global travel...have been," Mr Turner said. While Flight Centre posted a loss in...23 million). Mr Turner said Flight Centre's operations in...
- FLIGHT CENTRE TO ACQUIRE ONE OF LARGEST TRAVEL AGENCIES IN US.
- News wire article from: AsiaPulse News November 12, 2007 700+ words
...year. The acquisition is Flight Centre's largest to date and...months ended June 30, 2007. Flight Centre managing director Graham Turner said the acquisition will...significant benefits for Flight Centre. "Based on Liberty's...
- AUSTRALIA's FLIGHT CENTRE SET TO COMPLETE ITG TAKEOVER.
- News wire article from: AsiaPulse News March 27, 2002 700+ words
...offer do so immediately. Once Flight Centre has absorbed ITG it would have...high end corporate travellers. Flight Centre planned to retain ITG's senior...delist from the ASX. Graham Turner, Flight Centre chief executive officer, said...