Flight Centre: Interim result 2013

Alongside a reasonable result, this travel business has fleshed out its online strategy. We like what we see, but continue to worry that it is being boosted by the higher $A.

Flight Centre has delivered a reasonable interim result, with profit before tax up 8% to $129.5m on a 7% rise in total transaction value (TTV), to $6.6bn.

Earnings per share rose 12.4% to 91.7 cents and a fully franked interim dividend of 46.0 cents will be paid (up 12%, payable on 19 April after an ex date of 22 March).

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