StockMarketWire.com - Travel company On the Beach Group booked a 12% rise in first-half profit after grew sales and cut marketing costs.

Pre-tax profit for the six months through March increased to £11.9m, as revenue jumped 41% to £63.5m.

The company declared an interim dividend of 1.3p per share, up 18% on-year.

'On the Beach has delivered a solid performance in the first half, despite continuing uncertainties around Brexit,' chief executive Simon Cooper said.

'"Looking forward, we continue to remain cautious of the consumer environment until a Brexit resolution is found, but the resilient and flexible nature of our business model allows us to focus on profitable growth and gives us confidence in the group's outlook.'

'We will continue to evaluate opportunities to enhance our market share position.'




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