Online travel service Webjet expects to maintain its margins in the current financial year after reporting a net profit of $1.44 million in 2004/05.

The company said it had completed a "truly amazing year" and delivered on its business plans, after turning the company around from a $1.14 million loss in 2003/04.

Webjet managing director David Clarke said the results validate the company's business model.

"More significantly, the new financial year has commenced trading very strongly with gross transaction values in July of $10.9 million and August estimated to be $12.5 million - a total of $23.4 million compared with $6.9 million last year," Mr Clarke said.

"Importantly we have a projected maintenance of gross profit margins in the changed domestic commission environment, depending on the future mix of business."

Webjet's profit before amortisation and depreciation for 2004/05 was $1.83 million, compared to a loss of $1.1 million in the previous corresponding period.

Cash on hand at June 30, 2005 was $3.35 million, up from $0.794 million last year.