USIT profits increase 115%

USIT, the student travel company, pushed pre-tax profits up by 115% last year to €2.14 million despite a significant fall in ticket sales.

USIT profits increase 115%

USIT, which celebrated 50 years in business in 2009, slashed administrative costs in the year ended October 2009, according to its latest set of accounts just filed with the Companies Registration Office. USIT, headquartered at Aston Quay, Dublin, has 10 retail travel offices. It also operates the USIT accommodation centre in University College Dublin, known as UCD Village.

The company’s performance in 2008 comes after it was rescued from examinership in 2002 in the wake of the September 11 attacks in 2001.

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