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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.