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| Subject: HWT--second half of the current financial year will be considerably stronger. | |
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Author: anonymous |
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Date Posted: 17:49:33 12/25/02 Wed HARVEY WORLD TRAVEL LIMITED 2002-11-27 ASX-SIGNAL-G HOMEX - Sydney +++++++++++++++++++++++++ MEDIA RELEASE HARVEY WORLD TRAVEL MAINTAINING PROFIT LEVELS FOR FINANCIAL HALF YEAR BALANCE SHEET STRENGTHENED DEBT GEARING RATIO REDUCED BY MORE THAN 40 PER CENT Harvey World Travel Ltd's operating profit for the six months to December 31, 2002, is expected to be between $1.5 million and $1.7 million - compared to an operating loss for the same period last year of $2.57 million. Announcing this today, the managing director of Harvey World Travel, Mr Barry Mayo, said: "Given seasonality trading factors we anticipate that the second half of the current financial year will be considerably stronger. "A key strategy for the company this year has been to divert cash flow to the reduction of debt and we expect our gearing to improve from 33% at 30 June 2002 to below 20% at the end of December this year." MORE TO FOLLOW [ Next Thread | Previous Thread | Next Message | Previous Message ] |