Priceline to push ahead with rollout of new stores despite profit warning

It has blamed a flat Christmas for its performance
2018 goals

Priceline is pushing ahead with the expansion of its network despite a 9% drop in first-half net profit.

Profit is expected to fall to $26.5 million from $29.1 million for the same period last year, Priceline’s parent company, Australian Pharmaceutical Industries (API), reports in a trading update.