Advantage annual profits rise by 21%

Advantage annual profits rise by 21%

Advantage Travel Centres today reported a 21% hike in annual profits to £600,000.

This came on an improved turnover during the years to September 30, 2016, of £18.7 million.

Advantage managing director, Julia Lo Bue-Said, said: “We are delighted at the performance of the group; creating a wealthy business on behalf of our member shareholders.

“We will continue investing further in the group, an example of which was the acquisition made for the majority of shares in WIN, earlier this year. 

“Our success factors are not however measured purely on the profits we make but on our ability to reinvest into the organisation, in our products and services, for the benefit of our members.

“We have seen an increase in the average member benefit to £29,000 from £28,000 last year.”

She added: “Given the financial strength of the organisation we see this as an opportunity to continually look at how we deliver a world-class proposition.

“Given the group’s performance, the board are recommending a significant increase to the member dividend.” 

Finance director Nick Moser added: “I am pleased with the profit result, which has importantly improved the overall financial position of the group.

“Our strong net asset position provides a platform for us to achieve our plans to increase the levels of investment in our technology solutions and to seek out strategic opportunities that will further benefit members.”

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