Helloworld Travel (ASX: HLO) anticipates EBITDA of AUD 64-72Mn in FY24.

Mon 12 Feb 24, 10:26 AM | Team Kalkine

Image source: © Xiphias | Megapixl.com

Highlights

Headquartered in Australia, Helloworld Travel Limited (ASX: HLO) is a travel distribution company that offers domestic and internation travel services and products. The ASX-listed consumer company reported a nearly 153.2% YoY rise in revenue to AUD 160.88 million in the financial year 2023 (FY23), backed by an increase in commission margin.

During the reported period, total transaction value increased by 138.5% YoY to AUD 2.57 billion, while operating cash flow reached AUD 26.87 million, compared to AUD 9.42 million in FY22. Notable growth was witnessed in profit after tax in FY23, as it reached AUD 19.2 million compared to a loss of AUD 28.8mn in FY22

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