Advertisement

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.

Travelzest said it expected a good year ahead after significantly reducing operating costs and streamlining its business.

Advertisement - Article continues below

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

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

An economics lesson from my barber
Inflation

An economics lesson from my barber

On reopening his shop after lockdown, Dominic Frisby’s barber doubled his prices. It’s all part of the post-Covid inflation process – and we’re going …
8 Jul 2020
What gold, bonds and tech stocks have in common
Stockmarkets

What gold, bonds and tech stocks have in common

"Risk off" or "safe haven" assets such as gold and government bonds have been doing well lately. But so have riskier tech stocks. That seems to defy c…
10 Jul 2020
House price crash: UK property prices are falling – so where next?
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020