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Australian-based online accommodation booking agency Wotif.com expects its interim 2009 after-tax profit to surge by about 20 per cent.
Brisbane-based Wotif.com expects its net profit to be about A$20.4 ($25.90) million to December 31, 2008, up 20 per cent on its interim 2008 net profit of A$17.064 million.
This expectation is based upon internal management accounts and may change on completion and review of the Wotif Group's final accounts, the company said in a statement today.
The company's interim 2008 net profit was 43 per cent higher on the interim 2007 result, and was generated by a 32 per cent hike in revenue to A$41.062 million.
Wotif.com will release its interim results on February 2009.
Shares in Wotif.com were 22 cents or 7.07 per cent higher at A$3.33.
- AAP
