8th Apr 2014 10:38
LONDON (Alliance News) - Dart Group PLC Tuesday said it expects pretax-profitability for its last financial year to be in line with current market expectations, with cash flow generation from operations remaining healthy.
Dart Group added that it continued to invest for future growth in the period.
In a statement for the trading year which ended at the end of March, Dart Group said overall booking levels for its leisure airline, Jet2.com, are encouraging, with over half of summer 2014 already sold.
This, according to Dart Group, is supported by the expansion of Jet2holidays and its sales of package holidays.
Dart Group also said Fowler Wench, the distribution and logistics provider, remains "well-placed" for profitable growth in the year ahead.
Dart Group said it intends to further develop and grow its businesses and expects continued profit growth for the year ending March 31, 2015.
Dart Group shares were Tuesday quoted at 271.33 pence, down 7.4%.
By Samuel Agini; [email protected]; @samuelagini
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