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Saga on track to meet 'ambitious' travel plan with half-year financials

Operators
Tom Parry
27 September 2018

Saga Group has said its travel sales are continuing to meet its “ambitious plan” after reporting a “solid” performance for the first half of its financial year.

Division merger

Pre-tax profits for the half year to July 31 for the company’s travel division were £12 million against £11.9 million over the same period in 2017.

Total travel revenue declined slightly year-on-year to £228.7 million against £230.4 million.

Saga’s tour operations generated revenues of £181.1 million, down from £185.5 million in 2017, while its cruise business was up at £47.6 million from £44.9 million in the previous year.

This reflected a 3,000 increase in passenger days with a rise in capacity.