Cabcharge sees revenue growth in 1Q19

Company News

by Rachael Jones

The CEO and Managing Director of Cabcharge (ASX:CAB) has delivered his address at their AGM saying he plans to continue to see growth and support taxi networks throughout Australia.

Investments in technology and marketing are strengthening growth by the additions of Yellow Cabs Queensland and Mobile Technologies International.

With MTI in the group the company can leverage a global footprint with potential to share offerings with cities across the world. 

Payment options will continue to expand and fleet growth has continued particularly in Victoria.

Revenue for first quarter 2019 is up $5.1 million of 11.6 per cent compared to the same period last year.

In 2018 payment turnover grew by 4.5 per cent.

Shares in Cabcharge (ASX:CAB) last traded at $2.11.