Flight Centre has increased its original full year profit forecast from between $305 and $315 million before tax to between $325 and $340 million.

If its latest prediction is correct, 2012/13 would prove a successful year for the company, with profits increasing by between 12 and 17 percent on its record breaking 2011/12 profit. 

In the 2011/12 financial year Flight Centre’s profit reached $290.4 million, reports InsideRetail.

It seems the move has been prompted by the company’s performance in the 2012/13 financial year to date.

According to Graham Turner, Flight Centre’s managing director, its profit increased by eight percent in the first half of the 2012/13 financial year, and the second half started strongly.

“Year-to-date, our 10 countries are profitable and several are on track for record full year earnings before interest and tax contributions.

“This includes Australia and the United Kingdom, which are typically our largest profit generators,” Turner said. 

The company’s positive performance is in most part thanks to holiday makers in Australia and the UK.