WELLINGTON: Flight Centre New Zealand the local arm of the Australian travel agent, lifted annual profit 28 per cent in 2014 as more New Zealanders travelled overseas.
Annual profit rose to $7.66 million in the year ended June 30, 2014 from $5.97 million a year earlier, according to the company’s financial statements lodged with the Companies Office. Revenue rose 5.9 per cent to $132.8 million, of which $91.4 million was commission and fees from the provision of travel.
Flight Centre Travel Group, its listed Australian-based parent, reported a 16 per cent drop in profit to A$206.9 million in the year ended June, as it booked a A$61.3 million non-cash write down to its goodwill and brand names, according to its annual report released in August. Earnings before interest and tax from its New Zealand unit rose to a record A$16 million, eclipsing 2003’s peak, the report said.Over that period about 2.24 million New Zealanders travelled internationally, up 4.5 per cent from a year earlier, according to Statistics New Zealand figures.
