43.1 rise in profit

By a staff reporter

Flight Centre Ltd expects ongoing economic volatility in some countries despite posting a strong rise in profit during the full year.

For the 12 months to June 30, the travel agency posted a net profit of $200.1 million, a 43.1 per cent rise on the previous corresponding period.

The group will pay a final dividend of 71 cents, a 47.9 per cent jump on last year's payment. The figure takes the company's total dividend to 112 cents.

Flight Centre said in a statement that it expects to grow its global shop network and sales force by between six and eight per cent during fiscal 2013.

"This will see the company add an additional 1000 sales staff to its global workforce and open its 2500th shop and business," the company said.

View the full text of Flight Centre's results presentation here.

Flight Centre results presentation.pdf