Travel agency franchiser Jetset Travelworld Group Ltd is expecting a 2006/07 profit 40 per cent better than last year as a result of buoyancy in the international travel market.
Jetset on Wednesday raised its profit forecast for this financial year, saying ventures such as a new online booking service will keep the business growing.
“(Jetset) has forecast a full-year profit increase for 2006/07 of approximately 40 per cent on the result of $8.96 million (after tax) achieved for the 2005/06 financial year,” the Sydney-based company said.
Jetset chairman John King said the new forecast followed the company’s performance at the half-year mark when it significantly increased profit, as well as continued buoyancy in the international travel market.
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