| Journal: TWUK | Section: |
| Title: | Issue Date: 03/07/00 |
| Author: | Page Number: 3 |
| Copyright: Other |
Club Med sees 51% rise in profit
CLUB Med has reported a 51% leap in net profit to £23.8m for the first half of the year. Turnover rose by 44.8% to £549m during this period.The company claims the increase in revenue reflects the strength of its business in Europe and Asia and a recovery in its North American business. It intends to raise £62.5m through the disposal of five holiday villages by the end of the current financial year.