first_imgHelloworld Travel Limited has released a statement to the ASX announcing its 2017 Full Year Results for the year ended 30 June 2017. The full announcement can be viewed HERE.HIGHLIGHTS FOR THE YEAR ENDED 30 JUNE 2017Total Transaction Value (TTV) of $5.9 billionEarnings before interest expense, tax, depreciation and amortisation (EBITDA) of $55.2 million,an increase of $29.9 million compared with prior yearProfit before tax of $31.0 million, an increase of $27.6 million compared with prior yearBasic earnings of 18.8 cents per share compared with 1.9 cents per share in the prior yearFinal dividend declared of 8.0 cents per share, bringing our total dividends declared for FY17 to14.0 cents per share, compared with 2.0 cents per share in the prior yearStrong, positive performance in the business continues with key achievements including: o EBITDA growth for all segments against prior year.o Implementation of $18.6 million merger synergies and annual cost savings by 30 June2017, outperforming previously identified $17.1 million of annualised cost savings.o Significant growth in operating cash flow and a strengthened balance sheet.o Winner of the Best Travel Agency Group (Helloworld Travel), Best Domestic Wholesaler(Sunlover Holidays) and Best International Wholesaler (Qantas Holidays and VivaHolidays) at the July 2017 AFTA National Travel Industry Awards (NTIA).o Re‐brand of the retail network to Helloworld Travel ‐ The Travel Professionals with re‐ focus of marketingto enhance brand presence, member loyalty and corporate relationships.o Continue to strengthen and diversify the retail network, including acquisition of 50% ofMobile Travel Agents (MTA) in Australia and the addition of World Travellers Group (WTG) in New Zealand.o Focus on technology innovations and enhancements including relaunch of site and roll outof Resworld consultant portal. Helloworld Travel Limitedlast_img read more