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 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.