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
 

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