HRG’s turnover up 10% after corporate travel recovery

HRG has posted a 10% rise in turnover and a 19% jump in pre-tax profits.

HRG’s turnover up 10% after corporate travel recovery
HRG’s turnover up 10% after corporate travel recovery
HRG’s turnover was up to £358m from £326.8m in 2010 for the year ending March 2011. Pre-tax profit leapt from £35.2m in 2010 to £41.9m this year.

Client travel was up 17% from 2010 levels while client travel spend was up 23%.

HRG group chief executive David Radcliffe said: "I am delighted to report on another good year for HRG, which has been marked by strong growth in revenue and earnings and supported by a strong recovery in global business travel. In light of this performance the Board has recommended a 25% increase in the dividend.

"We anticipate the positive momentum that we have seen in our markets to continue. We will continue to innovate and invest for the longer term, and expect to make further progress through the course of the year."

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