News: Flight Centre achieves H1 profit and sales

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Flight Centre Limited (ASX:FLT) has achieved new sales and profit milestones during the first half, with profit growth exceeding sales growth.



The travel retailer lifted its net profit by 13 per cent to $91.8 million, and says its growth outlook for the current financial year is marginally ahead of targets.



Flight Centre is aiming for a full year before tax profit of between $305 and $315 million.



Managing Director Graham Turner says Australia and the UK are now entrenched as the company’s two largest profit generators, delivering record earnings to underpin growth.



Mr Turner said Flight Centre’s Singapore and Greater China businesses also contributed to record first half pre tax earnings.



This was complemented by a first half sales record achieved primarily through strong corporate growth.



Flight Centre will pay an interim dividend of 46 cents per share.