The OTA saw adjusted pre-tax profits of £15.7 million in the six months to 31 March, an increase of £1.9 million year-on-year. Revenue rose 41% to £63.5 million.
The UK operation (On the Beach UK and Sunshine.co.uk) increased revenue 1% to £44.6 million and saw adjusted pre-tax earnings rise 10% to £18.4 million. International revenue fell 56% to £0.4 million.
On the Beach said: “Revenue was heavily impacted by the failure of Primera in early October 2018. This was offset by a 75% reduction in marketing spend.” The net result was a loss of £0.2 million.
