The group stated in its financial results for the six months ended April 30 that its travel and leisure division continues to be its main operating driver, “delivering another period of strong growth”.
Total transaction value for the division was up by about 15% in the six months ended April 30 2016 to £33.1 million, and has continued to rise, up 20% to £39.7 million in the six months to April 30 2017.
Gross profit has also continued to increase, up 14% in the current period to £4.1 million. Profit at Ebitda level (earnings before interest, taxes, depreciation and amortization) was up 35% on the comparable period last year, from £332,000 to £449,000.
Minoan Group to make further acquisitions in 'most rewarding period in history'
Destinations
Jennifer Morris
26 July 2017
Stewart Travel parent Minoan Group has confirmed it remains in acquisition mode as it enters the “most rewarding period in its history”.
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