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Australia's Flight Centre FY profit falls 5.6 pct
August 23, 2017 / 11:27 PM / a month ago

Australia's Flight Centre FY profit falls 5.6 pct

SYDNEY, Aug 24 (Reuters) - Australia’s biggest listed travel agent, Flight Centre Travel Group Ltd, said on Thursday its full-year profit fell 5.6 percent as an airfare price war cut its margins.

Net profit for the 12 months to June 30 fell to A$230.8 million from A$244.6 million a year ago. That beat an average forecast of A$224.1 million from 9 analysts polled by Thomson Reuters I/B/E/S.

The company declared a final dividend of 94 Australian cents per share, up from 92 cents a year ago. (Reporting by Alison Bevege; Editing by Stephen Coates)

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