Australia's Webjet hits more than 4-year high on strong results, demerger plan

Web Travel

22/05/2024 02:15

** Shares of travel co Webjet  WEB.AX  rise as much as 15.2%
to A$9.720, their highest since Feb 21, 2020
    ** WEB top gainer on ASX 200 benchmark index  .AXJO 
    ** Co reports FY underlying NPAT of A$128.4 mln ($85.59
mln), up from A$69.9 mln a year ago
    ** Posts 40% rise in FY underlying EBITDA and flags strong
start to FY25 trading and earnings
    ** Co also says it is exploring a separation of its two
leading divisions, WebBeds and Webjet B2C via a demerger
    ** As of last close, stock up 15% this year


($1 = 1.5002 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))