Wotif full-year profit slips

Online group confident of improvement in year ahead despite 'problematic' retail conditions.

Wotif.com Holdings (WTF) says it is positioned to improve its overall business and financial performance in the year ahead after posting a slight fall in fiscal 2013 profit, despite the "problematic" Australian retail environment.

In the year to June 30, net profit was $51.03 million, a 12% decline on the $58 million recorded in 2012.

In the same period revenue crept 0.9% higher to $146.65 million, from $145.31 million in the previous year.

Wotif will pay a full-franked final dividend of 11.5 cents.