TRAVEL search firm Skyscanner has seen revenues rise 40.2% year-on-year as it pushes into Asian markets, according to accounts filed with Companies House.
The Edinburgh-based firm, which is backed by Scottish Equity Partners and headed up by Gareth Williams, turned over an average of £1.8 million a month for the seven months to December 31, 2011, as it changed its financial year to align with the calendar year.
This was up from the £1.3m of income it took on average each month in the year ended May 31, 2011.
Pre-tax profits were up 20.1% to around £340,000 a month for the most recent period, compared to £283,000 in the previous year.
The company's directors said in their report: "Strong turnover and profit growth is expected to continue in the next financial year."
The company's expansion was supported by a rise in employee numbers from 91 to an average of 127.
Despite the international push, the proportion of its revenue that came from internet advertising in the UK rose from 30% to 32% year-on-year.
A Skyscanner spokeswoman said the company is now recording 30 million visits a month to its website and via mobile applications and is seeing traffic rise 50% year on year. It has also launched a mobile phone application for iPhones, Android systems and Blackberrys, which are particularly popular in Asia.
It calculates that its mobile application has been downloaded 10 million times across the world.
In an effort to grow in Asia it opened an office in Singapore in September 2011 which now has 30 members of staff.
Another office was opened in Beijing in September 2012. In August, Skyscanner signed a partnership deal with China's top search engine, Baidu.
Skyscanner's traffic from the Asia-Pacific region has increased by 400% since September 2011, the company reported. Meanwhile, growth in China is around 700%, and the region now accounts for 15% of Skyscanner traffic, some 4.5 million visits a month.
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