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Briefing

Making Adjustments

Web Travel pauses trading over financial statement changes

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The news: Web Travel Group has entered a trading halt on the ASX due to potential adjustments to the B2B travel company's FY24 financial statements.

The numbers: Web Travel Group shares last traded at $4.50 per share.

The context: The company said the trading halt would enable it to manage its disclosure obligations in relation to potential adjustments to last year's financial statements.

Any adjustments are not expected to impact the company's first-half results and outlook, it said.

Web Travel Group, formerly called Webjet, demerged as a standalone B2B company in September, with Webjet's consumer-facing business listing separately on the ASX as Webjet Group.

The source: ASX announcement


By Hugo Mathers