Wotif's half yearly results have just come out - and they look good. Total transaction value reported at AUD$250mm and net profit after tax just short of AUD$12mm ($11.9). This is more than 50% growth on the same period last year and almost 30% growth in transaction value on the previous six month period. I have pondered out loud that Wotif have a huge challenge to maintain growth levels without demand market expansion (which requires non-English language support) or new products (such as white-label affiliate functionality, customer reviews and loyalty programs) but they keep proving me wrong. Well done.
Here is the full release.
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