News: Flight Centre expects profit lift

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Flight Centre Limited (ASX:FLT) is expecting full-year profit before tax at the higher end of its updated guidance following strong performances by the Australian and United Kingdom arms of the business.

 

The travel company says it’s now tipping underlying profit before tax for fiscal 2013 to come in between $338 million and $342 million.

 

Flight Centre initially forecast an underlying full-year profit of between $305 million and $315 million, but in May revised those expectations up to between $325 million and $340 million.

 

A full-year result of $340 million would represent 17 per cent growth on the $290.4 million recorded in fiscal 2012.

 

Flight Centre delivered a net profit of $91.8 million in the first half of the 2013 fiscal year.