Corp Travel Management profit up 28%

Corporate Travel Management expects full-year earnings to be at the top end of its guidance range as half-year net profit lifts 28 per cent to $22.1 million.

Corporate Travel Management's half-year net profit of $22.1 million is up 28 per cent from a year earlier, helped by higher transactions volumes and the impact of recent acquisitions.

Revenue for the six months to December 31 rose 26 per cent to $150.5 million, and the travel group expects a strong second half and full-year earnings at the top end of the $92 million to $97 million guidance range.

The company declared a fully franked interim dividend of 12 cents a share, up three cents from the prior corresponding period.