Wotif.com Holdings Limited, Australasia's leading online accommodation site, recorded a 58% increase in net profit after tax to $11.9 million for the 6 months to 31 December 2006. This result was driven by a 47% increase in room nights sold across the 42 countries available on Wotif.com's website.

In view of this strong performance, Dick McIlwain, Wotif.com's Chairman, announced a fully franked 5 cent interim dividend per share. Shareholders registered on the books on 7 March 2007 will be entitled to this dividend, which will be paid on 30 March 2007.

Commenting on the results, Wotif.com's Managing Director, Graeme Wood, said the first 6 months of the 2007 financial year had been very strong with a record 1.825 million room nights being sold on Wotif.com (up from 1.24 million in the first half of FY2006). "This 47% growth in rooms sold shows the structural change in the way people book their accommodation is continuing to gain momentum. More and more consumers are realising that by booking their accommodation on Wotif.com they get access to great rates, a great range and the convenience of a 24/7 service."

Wood continued, "This change in consumer behaviour has seen visits to our site increase significantly with monthly user traffic reaching 2.5 million sessions (up from 2 million sessions in June 2006). We aim to continue to expand this audience in the current year to give our 9,000 accommodation suppliers the greatest possible exposure."

Wood said, "The results achieved are a credit to the entire team at Wotif.com. The very strong revenue increase reflects Wotif.com's dominant position in a market where customers continue to migrate from traditional sales channels to the online environment. Going forward we remain focused on expanding our share of this growing customer base. With higher volumes, efficiencies of scale are now becoming more evident with a healthy increase in Wotif.com's net profit before tax margin to 57%, up from 51.4% in the first half of FY2006."

He noted that Wotif.com's 58% increase in net profit after tax had been delivered notwithstanding a $633,000 expense relating to options granted to employees as foreshadowed in the Company's Prospectus. He commented that this expense was expected to reduce to $419,000 in the second half of FY2007 and will total
$470,000 in FY2008.

Wood noted that trading performance in January remained strong with room nights sold up approximately 34% on January 2006.

Related Link: Wotif.com