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Wisetech Global Provides FY17 Statutory Result

23 Aug 2017  |  10:11:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: WTC accelerates growth, FY17 revenue up 49%, EBITDA up 71%

Wisetech Global announced that in FY17, it has invested over $50.4m, representing 33% of its revenue and over 50% of its people in product development, significantly expanding its platform. The company has progressed product development and commenced early adopter sales for its integrated acquisitions in China and South Africa and, since January 2017, it announced 7 further acquisitions in Italy, Germany, Brazil, Australia and Taiwan. The Company declared a final dividend of 1.2 cps in-line with dividend policy - a payout ratio of up to 20% of annual statutory NPAT. The dividend will be fully franked and the record date is 11 September 2017.

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