It’s not the first time we’re hearing resignation plans: late last year Zahra announced his decision to step down ”for personal reasons”, but he backflipped earlier this year. 9:18am: Also just out, Wotif has reported a 15. 4 per cent fall in profit to $43. 2 million, in line with its latest guidance, as it awaits regulatory approval for an agreed $703 million takeover by US online travel giant Expedia. “The decline in profit last financial year is directly attributable to the response by the company to the competition in its Australian market, and an investment in strategy designed to introduce the new sources of revenue,” Wotif chairman Dick McIlwain said.
In its first full year of owning a controlling 75 per cent interest in the Domino’s pizza chain in Japan, the Australian based company this morning reported a 50. 4 per cent lift in underlying net profit to $45. 8 million as revenue nearly doubled - thanks to the acquisition of the Japanese franchise - to $588. 7 million for 2013-14.
The company declared a final fully franked dividend of 19 cents per share, in addition to the interim dividend of 17. 7 cents per share paid earlier this year, bringing the full year payout to 36. 7 cents per share an increase of 18. 8 per cent over the prior year. 9:03am: Local shares are set to open higher for a second session as global equities extended gains on corporate news and an easing of some geopolitical concerns. 9:03am: Good morning and welcome to the Markets Live blog for Tuesday. CAJ is up a sly 6. 48% at open, not too bad I guess.
Read more here: SMH