Club Med sees 51% rise in profit

 

 

 

 

 

 

 

 

 

 

 

Journal: TWUK	Section:
Title:	Issue Date: 03/07/00
Author:	Page Number: 3
Copyright: Other

 

 

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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.