WiseTech Global FY19 revenue jumps 57%
WiseTech Global (ASX:WTC) released their annual report today showing significant revenue growth for Financial year 2019 up 57 per cent to $348.3 million from last year's $221.6 million.
Net profit after tax increased 33 per cent to $54.1 million from last year's $40.million.
The company says this is driven by continued strong organic growth across the global business, the addition of over 830 product enhancements and bringing customers to CargoWise One technology platform, and the acquisition of strategic assets in new geographies and adjacent technologies.
Shares in WiseTech Global (ASX:WTC) are trading 1.9 per cent lower at $34.34.
Copyright 2019 – Finance News Network
Source: Finance News Network
