Worldspan announces 40% profit growth

Worldspan Group has revealed a 40% year-on-year growth in annual pre-tax profit to £187,748, driven in part by wins from Bazaarvoice and the Association for Medical Education in Europe.

Worldspan announces 40% profit growth
Worldspan announces 40% profit growth

The company also reported a 20% sales hike for the year ending 30 June 2011.

The agency said its improved performance was the result of a combination of account wins and additional business from existing clients.

Sophie Morris, Worldspan’s managing director, said: "Our team once again demonstrated their true expertise in flawlessly delivering a diverse range of client projects."

The period also saw Worldspan boost its event management team. Catherine Holyoak joined as account executive for venue finding; Adam Gabbetis joined as account executive on pharmaceutical events; Louise Baxendell was made project coordinator of PCO services; and Lawri Farrell was made account executive of events.

Morris added: "We have had an incredibly strong start to our financial year with a solid pipeline of projects and, as we approach the milestone of our fortieth anniversary in 2012, we remain very optimistic for our prospects next year and beyond."

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