Travelzest sees revenue slip
Travelzest unveiled Friday lower revenues in the online travel group's 2012 results.
Travelzest unveiled Friday lower revenues in the online travel group's 2012 results.
The company posted revenues of £24.1m for the year ended October 31st, down from £25.4m the previous year.
Operating profit from continuing operations were £3.5m compared to £3.7m in 2011.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Travelzest said it expected a good year ahead after significantly reducing operating costs and streamlining its business.
Nigel Jenkins, Non-Executive Chairman, said: "We would like to thank the team for their hard work during this period of change for the group, and look forward to the continued focus on strengthening our strong Canadian operations.
"We believe with a more streamlined business we can look forward with optimism for the year ahead."
The company added it would continue to invest in marketing and expand luxury land based product offerings.
RD
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
What is a trust – and should you use it to avoid inheritance tax?
Trusts are surging in popularity as a way to avoid inheritance tax, according to financial advisers on the frontline of estate planning. We look at what trusts are and if they are right for you.
-
What will be the consequences of Donald Trump’s "One Big Beautiful Bill"?
The US president’s "One Big Beautiful Bill", an extraordinary mix of tax cuts and spending plans, has made it through both houses of the US Congress. What will be the consequences?