28 Jul 2011

Jasons expects lower earnings

11:24 am on 28 July 2011

Jasons Travel Media says it expects its earnings for this financial year to be about 10% lower than the previous year's result.

The company earned $1.72 million before interest, tax and depreciation in the year ending 31 March 2011.

The company's chairman, Geoff Burns, says the domestic tourism market in New Zealand is under pressure which is leading to a softening in accomodation print revenues.

He says revenues from non-accommodation sectors are holding firm and in most cases increasing slightly.