Advantage profits fall
Advantage Travel Centres saw a drop in its after-tax profit last year to £495,000, down from £549,000 the previous year.
However, Advantage claimed the average financial benefit to members had risen 17% from £23,500 in 2014 to £27,600 in the 12 months to the end of September last year.
Chairman Steven Esom described trading conditions as ‘tough for the industry overall’, but he said Advantage was ‘in very good health’.
Managing director Julia Lo Bue-Said said much of the profit would be ploughed back into growing member services, including its new Gateway 2 technology platform and Advantage Holidays.
The directors have recommended a dividend of £2 per ordinary share, so shareholders will receive a total of £57,825, down from £60,738 last year.
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