Media Release
Webjet Sales To June 30 Up 50% - 4C Filing Quarter Ended June 30, 2003
18th July 2007
Webjet today announced that despite the catastrophes which affected the travel industry in the last year (Bali, Gulf War and SARS), gross transaction values totaled $20.2 million compared with $14.2 million, the previous year; an increase of nearly 50%.
Net operating cash used in the quarter totaled $487,000 and cash on hand as at June 30 totaled $1.84 million reflecting an increase in cash on hand of $848,000 after financing activities.
Commenting, Webjet Managing Director, David Clarke, said, "In our view general market conditions have not yet returned to normal but there are tentative signs that consumer demand is recovering. We will however be taking a very conservative view of our budget model 03/04 and intend to reduce costs over the period July to December as we assess demand levels".