News blog
Travelzest
- BY: Andrew Hore |
- POSTED: 19/04/2011 |
Travel agency Travelzest says that it is in the very early stages of discussions with a potential bidder.
Travelzest reported a small increase in underlying profit from £4.13m to £4.19m for the year to October 2010. Operating profit rose more sharply but higher interest charges hit the pre-tax figure. Net debt was £8.77m at the end of October 2010.
In March, Travelzest said that it was benefitting from integrating its operations. Winter departures were higher but summer bookings are down on last year. This means that Travelzest is behind expectations for this year.
At 16.5p a share, Travelzest is valued at £24m.
Download the April edition of AIM Journal at http://www.hubinvest.com/AIMPDFApril2011_19.pdf
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