KEY POINTS:
Southern Travel Holdings has announced a net profit of $252,000 in the half year to December 31 against $238,000 in the same period a year ago.
Trading revenue fell 18 per cent to $14.4 million.
No dividend was declared.
Managing director Kiyomi Gunji said that given the slowdown of the Japanese outbound market, especially to Oceania, it was a creditable result.
The company had been able to lift per passenger yield from added value while further reducing operating costs in a difficult trading environment.
He said that the company's acquisition of Travel Services Group was on track with the vendors finalising results for the period ended December 2006 on which the final purchase price was based.
Southern Travel shares last traded at 35c.
