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Wotif.com (ASX:WTF) raises FY10 profit 22%

Wotif.com (ASX:WTF) raises FY10 profit 22%

Online accommodation booking company Wotif.com Holdings (ASX:WTF) lifted its FY10 profit 22% to $53 million, as it solidified its presence in the Australian market.

The company said it had processed $1.09 billion worth of travel transactions during the year, a 10% increase on 2009. This represented 7.1 million room nights sold, up from 6.3 million last year.

Recognition of the Wotif.com brand had increased to over 58%, from 50% in FY09, the company said.

Revenue grew 12% to $136 million. The company has declared a full-year dividend of 21.5 cents per share.

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Tags Wotif.comASX:WTFfinancial results

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