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Travellers Choice members to share in record profit

September 20, 2013 Corporate No Comments Email Email

The Travellers Choice Board is today pleased to announce a record pre-tax operating profit for 2012/13 of $1.22 million, a 68% increase on the previous financial year.

The Board has also confirmed that 98% of the 2012/13 profit will this month be returned directly to members.

All Travellers Choice member shareholders will receive a 6.6 per cent (33 cents per share) unfranked dividend, with the majority of the remaining operating profit distributed through trading rebates based on sales support for airline and wholesale partners.

The current profit redistribution supplements override commissions earned at source by Travellers Choice members throughout 2012/13 from the network’s broad portfolio of preferred suppliers.

Chief Executive Christian Hunter says the record pre-tax profit reflects the company’s strong financial management and strategic focus, as well as Travellers Choice members’ ability to continually adapt their skills to meet the challenges of a competitive travel marketplace.

“This year’s result shows once again that our members fully understand the importance of supporting a strong portfolio of preferred suppliers and maximising the value that sits within each commercial agreement,” says Hunter.

“By working independently to a collective goal, and effectively utilising the broad suite of marketing tools offered as part membership, they have delivered an outstanding result. As the company’s sole shareholders, all Travellers Choice members will now share the rewards.”

Travellers Choice member shareholders will meet in Hobart in November for the group’s Annual General Meeting and 2013 Shareholders’ Conference.

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