THE Kuoni group has predicted record year-end results despite a 16.7% dip in profits for the first nine months of the year.
The operator recorded profits in the first three-quarters of the year to September 30 of £27.8m compared to £33.5m in the same period last year. The £11.2m spent on the failed merger with First Choice was blamed for the drop. However, a spokesman for the Swiss-based Kuoni insisted the company was on course for record year-end results following strong sales for the autumn.
Turnover grew by more than 18% to just over £1bn with new acquisitions.