Dart profits up

Dart Group posts a pre-tax profit of £163.7m for the six months to the end of September - 12% up on a year ago.

A strong summer season saw group revenue increase 21% to £1,240.8m (2015: £1,024.0m) while operating profit, which was underpinned by continued growth in its leisure travel business, increased 14% to £167.5m (2015: £147.1m).

Basic earnings per share rose by 14% to 90.65p and the interim dividend of 1.375p per share is up 53%.

The group said: "Whilst we recognise the likely upward pressures on market pricing following the weakening of sterling post Brexit; for the long term, we have confidence in the resilience of our Leisure Travel business and are encouraged by the increasing proportion of customers taking our great value, real package holidays.

"With winter 2016/17 Leisure Travel bookings continuing to perform in line with expectations, the Board is currently optimistic that market expectations for the full year will be slightly exceeded."

At 9:33am: (LON:DTG) Dart Group PLC share price was +25.88p at 429.38p