Webjet (ASX:WEB) expects profit growth in 2020
Webjet (ASX:WEB) is expecting underlying adjusted operating profit in a range of $157 million to $167 million for financial year 2020.
This represents growth of approximately 26 per cent to 34 per cent over the previous year.
Customers made 5.5 million travel bookings with them across the globe during the year, generating nearly $4 billion in TTV.
Revenues were $366.4 million, continuing EBITDA was $124.6 million and net profit after tax was $81.3 million before acquisition amortisation.
Shares in Webjet (ASX:WEB) are trading 4.82 per cent higher at $13.04.
Copyright 2019 – Finance News Network
Source: Finance News Network
