Webjet has reinforced its commitment to push through to the US, Canada, Mexico and Asia markets after welcoming a 17 percent increase in net profit after tax on its operations down under.

According to a half yearly report released by the online booking company, the 17 percent increase in profits covered the last six months of 2011 compared to the corresponding period 2010, pushing its figures up from five million to $5.9 million.

For the same period, the Group’s total transaction value (TTV) also spiked by up to 29 percent from $285 million to $369 million.

The Group said in the report achieving “strong” profit and TTV provided an opportunity to continue pursuing growth particularly in the USA, Canada, Mexico and Asia.

“Webjet believes the current strong profit and TTV growth provides a unique opportunity to strategically develop both core operations and our international businesses in line with longer term shareholder value and without compromising short term shareholder return,” the statement read.

Other projects the Group intends to continue to pursue post-profits includes investment in quality, utilisation of global cloud computing and acceleration of hotel marketing.

The Group noted in the half yearly report that the 17 percent increase marked the company’s sixteenth consecutive half year growth.

Of the company’s bookings, international bookings picked up 41 percent for the six months compared to the six months the prior year while domestic bookings hiked up 16 percent.