Trading halt on the securities of WiseTech Global Limited (ASX: WTC) was lifted today, following the release of the company’s response to second short-seller report by J Capital Research Limited. In its response the company has rejected the claims of financial impropriety and irregularity contained in the Report.
- WTC confirmed that its organic growth was 33% in FY 2019 and 37% for FY 2018;
- WRC confirmed its guidance for FY20 of revenue of $440m - $460m, with revenue growth of 26% -32% and EBITDA of $145m - $153m with EBITDA growth of 34% - 42%;
- The company said the integrations with previous acquisition are on track to deliver value & relevant earnout payments.
By 12:52 PM AEST, WTC was trading at $27.61, up by 5% relative to the last close.