Wistech (ASX:WTC) downgrades revenue guidance due to coronavirus

  • Home
  • Company News
  • Wistech (ASX:WTC) downgrades revenue guidance due to coronavirus
19Feb

Wistech (ASX:WTC) downgrades revenue guidance due to coronavirus

 

Wistech Global (ASX:WTC) has reported net profit (NPATA) of $33.5 milion for 1HFY20 a rise of 22 per cent on the same time last year.

Total first half revenue of $205.9m increased by 31 per cent.

Earnings (EBITDA) of $62.5m rose 29 per cent.

The company declared fully franked interim dividend of 1.70 cents per share.

Looking forward, the company has downgraded its earnings and revenue forecasts due to the impact of the coronavirus.

Revenue guidance has dropped from a range of $440 million – $460 million to between $420 million -$450 million.

Shares in Wisetech Global are trading 17.9 per cent lower at $24.18

Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

08Apr

Western Areas (ASX:WSA) reports 20% increase in nickel mined

08 Apr 2021 - Nickel producer Western Areas (ASX:WSA) has reported a 20 per cent increase in nickel production from the previous quarter.

Read More
03Sep

Cynata Therapeutics see their organ rejection study published

04 Sep 2019 - Clinical-stage biotechnology company Cynata Therapeutics (ASX:CYP) is excited to have a scientific paper published on the efficacy of Cymerus MSCs in a preclinical model of organ transplant rejection.

Read More
12Jun

TPG Telecom (ASX:TPM) to pay special dividend if Vodafone merger approved by shareholders

12 Jun 2020 - TPG Telecom (ASX:TPM) will pay a special dividend of between 49 cents and 52 cents a share if its merger with Vodafone Hutchison Australia is approved by shareholders.

Read More
12Jul

Stocks of the Hour: Heavy Rare Earths, NickelSearch, Red Mountain Mining

12 Jul 2023 - A snapshot of the stocks on the move, featuring Heavy Rare Earths (ASX:HRE), NickelSearch (ASX:NIS) and Red Mountain Mining (ASX:RMX).

Read More
26Jul

Stocks of the Hour: AMP, a2 Milk, Cromwell Property

26 July 2021 - A snapshot of some of the news that broke today, featuring AMP (ASX:AMP), a2 Milk (ASX:A2M) & Cromwell Property (ASX:CMW).

Read More
02Sep

Slater and Gordon completes institutional offer

02 Sep 2019 - Slater & Gordon (ASX:SGH) has announced the completion of its institutional entitlement offer to raise about A$75.6 million.

Read More
21Nov

The Resimac Group (ASX:RMC) sees second half profit fall

21 Nov 2019 - The Resimac Group (ASX:RMC) show their 1H20 normalised NPAT guidance in the range of $24 million to $27 million reflecting lower first quarter funding costs.

Read More
06Mar

Stocks of the Hour: Atomo Diagnostics, AdAlta, Aruma Resources

06 Mar 2024 - A snapshot of the stocks on the move, featuring Atomo Diagnostics (ASX:AT1), AdAlta (ASX:1AD) and Aruma Resources (ASX:AAJ).

Read More
17Apr

Telstra (ASX:TLS) announces 500 euro million bond

17 Apr 2020 - Telstra (ASX:TLS) has announced a €500 million bond. The notes are expected to be issued on 23 April 2020 and will have a 10-year maturity.

Read More
08Nov

Neptune Marine Services (ASX:NMS) sells key operating subsidiaries to MMA Offshore (ASX:MRM)

08 Nov 2019 - Small cap oil and gas service provider Neptune Marine Services (ASX:NMS) is pleased to announce that it has completed the sale of its key operating subsidiaries to vessel provider MMA Offshore (ASX:MRM).

Read More