A2B Australia Limited Conducts AGM; FY19 Revenue Grew by 6.7%

November 21, 2019 01:16 PM AEDT | By Team Kalkine Media

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A2B Australia Limited (ASX: A2B) held its 2019 Annual General Meeting (AGM) today, wherein it highlighted its strong growth in FY19. During the year, the companyâs revenue grew by 6.7% and underlying net profit after tax increased by 9.8%. Although additional regulation stripped out more than $45 million of revenue on like for like basis in FY19, companyâs transformational program delivered record revenue for the company of $197.7 million in FY19.

Companyâs total affiliated fleet is currently 9,957 cars, up 4.3% on 30 June 2019 after the acquisition of Gold Coast Cabs and market share gains in all states other than Victoria.

At AEST 01:04PM, the stock was trading at $1.690 per share, up by 3.049% from its previous close.

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