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Wotif.com posts 34pc profit hike to $27.6m
Wotif.com posts 34pc profit hike to $27.6m

Online accommodation finder wotif.com says its first-half profit rose 34 per cent to $27.6 million.

The profit came on revenues of $69.7 million, up 19 per cent on the previous corresponding period.

The company issued a 9 cent fully franked interim dividend, up 38 per cent.

"Very strong trading conditions continued through the first half with the Wotif Group processing $562 million in travel bookings," the company said in a statement.

"This is the first time the group has achieved accommodation bookings over the half-billion dollar mark in a half year."

Wotif.com shares were up 41 cents, or 6.24 per cent, to $6.98 at 12.20pm.