Flight Centre

Travel Agency Company Flight Centre (ASX:FLT) have announced its half year financial results for 2013 to its shareholders and investors on the Australian stockmarket.

• Flight Centre announced a $91.8 million profit for the half year, up 6.7 percent on $81.6 million in the prior corresponding period.
• FLT Revenue was up revenue lifted 6.9 per cent year-on-year, to $1.01 billion, from $954 million.

Travel agency company, Flight Centre (ASX: FLT) have released their full year financial results for FY 2012 to the ASX stockmarket.

• Flight Centre net profit for the year to June is $200.1 million, up 43 percent from $139.8 million in the previous corresponding period.
• Revenue was up 9 percent to $13.9 billion.

Gunns (GNS), a fully integrated hardwood forest products company which is involved in milling, timber processing and merchandising, building and hardware supplies merchandising and so on was the best performer of the week in ASX200 with a gain of 12.7 percent closing the week at 45 cents (market capitalisation $359.0 million). The company traded its stocks for 40 cents last week.

Suncorp-Metway Limited (SUN), an Australia based financial services group that concentrates in the insurance, retail services, funds management products, provision of banking, superannuation, and corporate and commercial sector (market capitalisation $11501.6 million) was the best performer of the 3rd week in ASX100 with a gain of 3.3 percent or 29 cents closing the week at $9.05.

Goodman Group (GMG), a company that is engaged in the business of ownership, development and management of business and industrial places was the best performing stocks in ASX100 index for the 33rd week that saw a rise of 19.1 percent or 9 cents in its stock price closing the week at 53 cents.

Among the best performing stocks last week (week 42) on the Australian sharemarket were a mixture of energy and mining companies: Nexus Energy (NXS), Paladin (PDN), Pan Australian Resources (PNA), AWB, Mt Gibson Iron (MGX), Sino Gold (SGX), Roc Oil (ROC) and Flight Centre (FLT). All the above best performing stocks for week 42 stocks managed more than 10 percent gain on the trading week. Nexus Energy was the overall winning stock taking in a 16 percent increase after new company takeover speculation and the recent increase in the oil price.

Flight Centre (FLT) is the best performing stock on the Australian sharemarket this week (Winner of the week for week 43 of 2006). The FLT stock closed the week 24 percent higher after a bid for the company. There is a bid by its founders to delist the travel company in a $1.6 billion private equity bid. Founding shareholders led by executive director Graham Turner own 57 per cent of the company, and are offering $17.20 a share to buy out minorities in conjunction with Pacific Equity Partners.