Wotif flags first-half profit drop

Shares in group plummet almost 30% on profit warning, dim outlook.

Wotif.com Holdings (WTF) has flagged a lower first-half profit, warning the outlook for the second half of fiscal 2014 remains volatile with retail conditions in the group's key Australian and New Zealand retail market continuing to be soft.

Wotif.com shares plummeted in early trade. At 1030 AEDT, Wotif shares were 27.99% lower at $3.01, against a benchmark index lift of 0.16%. In earlier trade, Wotif shares dropped as low as $2.82 after closing the previous session at $4.18.

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