ebookers to go on acquisition spree
EBOOKERS chairman and chief executive officer Dinesh Dhamija
has revealed plans to expand the company through a number of acquisitions.
Speaking as the agency released its results for the quarter ending
March 31, Dhamija said: “We are now in a strong position to enter another
period of consolidation and are considering the acquisition potential of
further substantial companies in Europe, on the basis that these support the
group’s profitability targets.”
However, Dhamija has kept possible acquisition targets under
wraps for now.
Meanwhile, sales increased 43% to £61 million compared to
the same period last year. Pre tax loss was down 59% on last year to £3.5
million.
The company has also adopted the ClearCommerce payment and
fraud processing system, which will automate fraud checking on transactions.