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Jasons says first-half earnings may rise

Friday 1st August 2008

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Jasons Travel Media, the travel directories company whose CEO is leaving to contest this year's elections, forecast first-half earnings growth of 5% to 10%.

Earnings before interest, tax, depreciation and amortisation will exceed the NZ$2.5 million earned in the same year-earlier period, it told shareholders at their annual meeting in Auckland today.

The company has gained "organic sales growth this year despite tougher economic conditions," said chief executive Steven Joyce, who will stand as a list candidate for the National Party at the election.

Shares of Jasons are little changed in the past month and recently traded at 80 cents. The company also told shareholders it will offer commission-free online bookings for tourist operators during the 2008-2009 summer season. The offer starts in November.

By Jonathan Underhill

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