|Group Net Profit after Zakat and Tax before NCI of SAR 189M for FY2019, compared to a loss of SAR 142M a year earlier|
|0Bn GBV to hit and the car rental business had a 10,000 vehicle target with SAR 329M revenue target — and both overachieved||It was a landmark year witnessing the consolidation of operations under a new corporate identity and an ambitious expansion of existing businesses as well as the launch of new services, including the launch of a dedicated destination management company|
Consumer travel increased market share through innovative product enhancements including the roll out of an omni channel offering though dedicated retail travel stores, the implementation of Whats App business as a tool for booking and customer information and also launching an online wallet for repeat customers.17
|We have strong liquidity and cash balance to finance operations but will be taking prudent precautions to manage through this situation||We will continue to monitor the macro situation closely and manage the company in a responsible manner, taking sensible steps to adapt where required|
|The online business posted SAR 3||Our UK business, Portman Travel Group continued its acquisition strategy of buying complementary and sector specialist businesses, adding If Only — a luxury long haul B2B travel specialist• Overall, the impact of the non renewal of the Ministry Of Education contract was offset by the strong and consistent growth in consumer travel and car rental units|
" —END— Contact Seera PR and Communications.
|The group reached a record-breaking SAR10||" " The year closed with a healthy balance sheet and a more diversified revenue stream in travel, hospitality and car rental services|
|Highest ever gross booking value of SAR 10||These customer focused improvements will ensure consumer travel keeps the same pace of growth in the future|
Group Revenue declined marginally by 4.