Webjet
(ASX:WEB) has reported its net profit after tax (NPAT) rose about 147 per cent on FY16 to $52.4 million for the 2017 financial year.
The figure factors in a $28 million profit from the disposal of its Asia-focused online travel agent brand, Zuji.
In more good news for Webjet, its revenue strengthened over the 2017 financial year, and lifted 52 per cent on FY16 to $234.9 million thanks to its growing market share.
Its earnings before interest and tax (EBIT) increased over 101.4 per cent on the prior year, to $61.7 million.
The company also declared a 25 per cent increase on its final dividend to 10 cents per share for FY17.
Shares in Webjet
(ASX:WEB) closed over 1.7 per cent higher yesterday to $11.29.
