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Webjet sky-rocketed today on ASX after the company posted 224% growth in revenue for the financial year to 30 June 2018.
Online travel agentâs total revenue increased to $761.6 million from $234.9 million in FY17 but net profit after tax fell 21% to $41.5 million, reflecting impact of proceeds from sale of Zuji and one-off transactions incurred during FY18.
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Earnings before interest tax, depreciation and amortization grew 23% to $86.3 million on the back of Webjetâs OTA market share growth and WebBedsâ B2B business growth following transformational benefits derived from the acquisition of JacTravel.
Final dividend increased to 12 cents per share, payable on 11 October 2018. This brings fully franked FY18 dividend to 20 cents, up 14% on FY17.
Webjet stock is trading at $17.120 after taking a leap of 18.232% in daily price change on Thursday, 23, August 2018.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
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