Web Travel boss John Guscic says he’ll explain to investors next week at a postponed results briefing why margins on the company’s global WebBeds business are falling after the digital travel group was forced to restate its first-half result.
The restatement of its financials, sparked by a request from auditor Deloitte, comes less than two months after ASX-listed WebJet renamed itself Web Travel and carved off its WebJet consumer businesses into a separate listed entity.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
