News: Flight Centre upgrades FY guidance

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Flight Centre Limited (ASX:FLT) has upgraded its full year profit guidance due to record profits achieved  in the UK and US markets.



The travel agency says it expects profit before tax of between $285 and $290 million representing a 16-18 per cent rise from the same time last year.



Flight Centre had initially forecast profit before tax of between $265 and $275 million for the full year.



Flight Centre’s Managing Director says the healthy growth in volatile trading conditions highlighted its global diversity.



In the first half of the 2012 financial year Flight Centre generated a net profit of $81.6 million.