Travel company Webjet (ASXC:WEB) today showed their net profit after tax (NPAT) was up 61 per cent to $38.3 million for the first half of FY19.
The company delivered a record first half performance with a 42 per cent increase in EBITDA (earnings before interest, tax, depreciation and amortisation) to $58.0 million.
Revenue grew 33 per cent to $175.3 million.
Their accommodation company WebBeds’s EBITDA more than doubled year-on year, from $12.8 million in 1H18 to $30.1 million in 1H19.
This was driven by strong growth in the key European and Middle East markets and the Americas.
The company announced a fully franked interim dividend of 8.5 cents per share, and reconfirmed guidance saying it was on track to deliver EBITDA (excluding one-offs) for FY19 of at least $120 million.
Shares in Webjet (ASXC:WEB) are trading 27.88 per cent higher to $14.54
