Wotif issues net profit downgrade

Brisbane-based online travel accommodation provider Wotif issued a net profit after tax downgrade to between A$50.5 million and A$51.5 million for the 2013 financial year, some of which was attributed to its Asia Web Direct domain names being affected by recent Google ranking criteria changes.

Wotif was started in 2000 by Graeme Wood and has $1.161 billion in revenue.

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