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NZAX-listed Jasons Travel Media has signalled it will be looking to introduce more capital but says the method and timing will depend on how the company expands.
The company focused on travel-based marketing and media has made three acquisitions for websites and marketing brochure distribution systems in three months and says it intends to buy more in its key area.
At the annual meeting yesterday, Jasons chairman Geoff Burns said operating profit had increased 30 per cent for the 2007-2008 year from the $1.77 million it earned in the previous year.
"If appropriate opportunities are realised, we would be looking for some equity funding at that point," Burn said. But he declined to discuss when that might occur.
Burns said the result for the six months to September 30 would look much more favourable than the same result last year. The company made a $60,000 loss for that period.
Chief executive Steven Joyce announced the launch of Jason's new website, www jasons.co.nz, for booking of online travel and accommodation across New Zealand, Australia, and the South Pacific.
The company's shares closed yesterday up 8c at 95c.
