for the year through June
2011. The AUD8.6 million (US$9.1 million) underlying net profit after tax was
158 percent higher than a year earlier. The company achieved large
year-over-year increases in total transaction value (43 percent) and revenue
(48 percent), and cited "strong organic growth through new client wins and
the successful integration and performance of acquisitions." Those travel
management company acquisitions included Travelcorp, which in January began
operating under the CTM brand, and New Zealand's Cavalier Travel, CTM's first
international acquisition last year. CTM this year also
agreed to acquire Melbourne-based ETM Group.