Flight Centre’s (FLT) results were published at ASX.com at 8:27am today. A quick check in my online broking account shows buyers are already lining up at $46.00. FLT shares closed yesterday at $44.60.
FLT announced a 20% increase in underlying NPAT, reporting a 2013 full year result of $240 million. This is slightly higher than Skaffold’s 2013 forecast of $238 million. Debt was lowered to $46.2 million (also in line with Skaffold’s forecast), and the company confirmed a full year dividend of $1.37 per share ($0.46 was paid at the interim report).
Flight Centre is currently rated A1 by Skaffold.