Wisetech Global profit up 33%

Company News

by Rachael Jones

Wisetech Global (ASX:WTC) reported their results today for financial year 2019 with net profit attributable to equity holders up 33 per cent to $54.1 million from last year's $40.8 million.

Total revenue is up 57 per cent of $348.3 million on the prior corresponding period.

EBITDA is up 39 per cent to $108.1 million.

Founder and CEO, Richard White, says “With the addressable market in technology for global logistics in the hundreds of billions and the spend on digital transformation hundreds of millions more again, we are moving fast to leverage our lead".

The final dividend of 1.95 cents per share , fully franked.

Shares in Wisetech Global (ASX:WTC) closed 1.54 per cent higher at $27.70 yesterday.
 

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