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 joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She was a journalist 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 as a financial planner and real estate agent.