Wotif profits dip, but reports strong mobile channel growth
Australia-based online travel company Wotif Group has reported a profit (after tax) of $20.36 million for the six month period ended December 2013.
This profit number is a decrease of 18% compared to the same period for 2012 – the reason is primarily due to increased investment cost in marketing and IT related activities.
Wotif announced in December 2013 that it is was expecting profit after tax to be in the range of $20 million.
Revenue for the period July 1 – December 31, 2013 was reported at $68.34 million, an increase of 3.5% compared to the same period in 2012.
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