Wotif is expecting full year profits to be up to 13% higher than 2011 but the guidance failed to prevent a slide in its share price today.
The online retailer said its after tax profit for the year ending June 30 should hit between $55.5 million and $57.7 million, a rise of between 9% and 13% on the previous year.
Wotif said the increase is based on unaudited management accounts for the three months to March and on trading in April.
But the increase failed to excite the market with its share price falling 6.11% to $4.15 at time of going to press.
Wotif, which is reliant on the performance of the domestic market, will release its full year financial results on August 22.
The retailer posted a $28.8m after tax profit in the six months to December 31.
