Webjet net profit up 25%, revenue up 290%

Company News

by Jessica Amir

Webjet’s (ASX:WEB) net profit after tax rose a quarter of a per cent to $20 million in the half year ending 31 December, compared to the same time last year.

Its revenue surged 290 per cent to $360 million in the first half of this financial year on the back of higher flight bookings, and non-flight revenue.

Its earnings (EBIT) before acquisition amortization grew over 50 per cent to $35 million.

It declared an interim dividend of 8 cents per share fully franked, which totals $9.5 million.

Webjet (ASX:WEB) shares are trading 16.23 per cent higher at $12.03

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.