Mount Cook revenue increases 34 p.c.

Press, Volume CXV, Issue 33773, 20 February 1975, Page 11

Mount Cook revenue increases 34 p.c.

The Mount Cook and Southern Lakes Tourist Company, Ltd. has been able to continue its strong growth in the first six months of the present financial year, hut profitability, although increased, is less than budgeted.

“The generally high degree !of activity in the New Zea-;; land economy, together with ; ; buoyant Australian tourist I; market, has allowed the i I company to show a reasonable growth of revenue over: I ithe previous year. 1 “The effect of inflation! : has also increased costs sub- ' stantially, but in spite of) this, the group as a whole!' has improved its position! over the comparative half)] year,” the directors say in!’ the half-yearly report. Group revenue for the six) months to November 30 in-) creased almost 34 per cent! I over the comparative period! lof last year.

"Concern is felt, however, at the continual inflationary I pressures on costs, which show no signs of levelling off. “The group result is less than budgeted at this stage, )but remains ahead of the ! same period last year. Foriward bookings to the end of the financial year remain [consistently heavy. | “Revenue figures for the ; months since the half yearly [balance are close to budget, and every effort is being [made to control costs. It is, ! expeted that the profitability targets of the group will be realised,” the report says.