Earnings and Losses

School tours help profits at Holidaybreak

ThisIsLondon.co.uk |

In Brief...

Travel firm Holidaybreak today posted a 9% rise in full-year headline pre-tax profit, driven by higher demand for educational tours, but orders for the financial year fell.. The company, whose education unit provides study tours for school children, said the division agreed to buy a 50% stake in a German student and school tour accommodation group Meininger for about ?36.5 million (?30.78 million).. "Growth in profitability reflects continued shift towards our education businesses, which are less exposed to discretionary spending," the company said.. Analysts on average were expecting a full-year pre-tax profit of ?29 million on revenue of ?471.7 million.. First half profit at corporate travel firm Hogg Robinson more than doubled, and the firm today forecast full-year results ahead of expectations as an improving economy boosts travel activity..

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