Shares of leading online airfare comparison site, Webjet Limited (ASX: WEB), today bucked the trend of a falling market rising 2%.
Shares jumped on the back of the company's release of its annual report this morning.
Here are five key takeaways from the report:
- Total transactional value (TTV) jumped 31% year over year to $1.26 billion
- Revenue came in 21% higher at $119 million
- A profit before tax of $23.5 million was achieved, up 10% on the prior period
- A final dividend of 7.25 cents per share was declared
- The company's effective tax rate jumped to 24.5% from just 9.3% last year – forcing profit after tax down 8.5%
"We are delighted to have achieved our EBITDA growth objectives for both the B2C and B2B divisions," Managing Director, John Guscic, said. "This outstanding result is due to the strong performances by all of our businesses during the year."
So far in its 2016 financial year, the company said it has experienced double-digit TTV growth across SunHotels, Webjet, Zuji and Lots of Hotels. It'll provide full year updated guidance at its AGM in early November.
Trading on a price-earnings ratio of just 17x and boasting a dividend yield of 3.3% fully franked, Webjet is worthy of a spot on your watchlist.
