Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search


Jasons Travel Posts 18% Profit Gain on Acquisition

Jasons Travel Posts 18% Profit Gain on Acquisitions

Dec. 1 – Jasons Travel Media Ltd., a travel listings company, posted an 18% gain in first half profit, reflecting revenue from new acquisitions, and said it expects to lift full-year earnings.

Net income rose to NZ$1.4 million from NZ$1.2 million a year earlier, the company said in a statement. Sales rose 5.1% to NZ$8.2 million.

“For the remainder of the year, indications are for steady revenue performance for publications and online revenue, chairman Geoff Burns said. Still, “the current economic climate is generally expected to have a negative impact on the travel, accommodation and activities businesses, which make up Jasons customer base.”

The company made three acquisitions in the past 12 months - internet booking websites of Strait Solutions, the Today-Tonight visitor guide print publications in Christchurch and Queenstown, and a brochure distribution and visitor guides business.

The shares last traded on Oct. 2 at 75 cents and are down 22% this year. The company will pay an unchanged first-half dividend of 1.5 cents a share.

Jasons in September appointed Matthew Mayne as chief executive after former CEO Steven Joyce stood down to successfully contest the nation’s elections.



© Scoop Media

Top Scoops Headlines


Any Questions: Scoop Launches New Q&A Website

It’s an easy way to find out party positions and allows you to view candidates’ answers side by side. It’s also a way for you to make your voice heard this election, and get the parties talking about the things that are important to you. More>>


Rawiri Taonui: The Maori Election

The election battle for the Maori seats 2017 opened last year when Maori Party President Tuku Morgan announced a peace deal with the Mana Movement aimed at securing all the Maori seats and holding the balance of power. More>>

Scoop HiveMind Project: Universal Basic Income - Are We Up For It?

This is an opportunity for you as one of the 4 million potential funders and recipients of a Universal Basic Income to collectively consider the issue:
1. Is UBI is a desirable policy for New Zealand; and
2. How should a UBI system work in practice. More>>


Lyndon Hood: National Announces Plan To Hit Youth With Big Mallets

The National party has announced its youth justice policy, which includes a controversial plan for recidivist serious youth offenders to be hit over the head with a comically large rubber mallet. More>>


Lyndon Hood: This ->

It's been brought to my attention that Labour's new campaign slogan is "Let's do this". A collective call to action. A mission. I myself was halfway out of the couch before I realised I wasn't sure what it was I was supposed to do. More>>


Scoop Hivemind Report: What New Zealanders Think About Affordable Housing

Ordinary citizens have had very few venues where they can debate and discuss as to what they believe has led to the crisis in affordable housing and how we might begin to address this. The HiveMind on affordable housing was about redressing the balance. More>>