6 Sep 2012

Southern Travel Holdings reports profit

9:57 am on 6 September 2012

Southern Travel Holdings has reported a profit following three years of losses

The listed company posted a profit of $110,000 in the year to June, boosted by the Rugby World Cup.

The previous year it lost $623,000.

The company says the result is pleasing given economic conditions are still challenging, particularly for tourism.

Sales fell slightly to $26.5 million.