Travel group Helloworld shares have slumped more than 7 per cent, with investors apparently not impressed with its 5.4 per cent increase in first half profits. The company said it made $21.9 million following business acquisitions the previous year including Magellan Travel Group, Flight Systems Group and Asia Escape Holidays. The travel distribution company reported underlying revenue growth in Australia was slightly lower in the second quarter period of trading. "This underlying revenue increase was offset by the lower second quarter trading of the Australian inbound business led by the timing of inbound customers travel and some movements." HELLOWORLD HY PROFIT UP* Net profit up 5.4pct to $21.9m* Total revenue up 7.7pct to $182.2m* Interim dividend of 8.0 cents per share, fully franked, up from 7.0 cents a year ago

Source: Daily Mail February 18, 2019 03:00 UTC