Wiseway Group Clarifies Earnings Amidst Strong Import Division Growth

An update from Wiseway Group Ltd. ( (AU:WWG) ) is now available.

Wiseway Group Ltd. has addressed the ASX’s inquiry regarding its earnings for the half-year ending December 2024, clarifying that while the company does not issue formal earnings guidance, it had previously indicated a projected revenue growth of over 50% for its imports division. This growth was a key driver for the company’s increased earnings metrics, including a 39% rise in EBITDA and a 130% increase in Net Profit After Tax compared to the previous year. The company emphasizes that these figures, while significant, were anticipated by the market due to prior disclosures, and the final earnings measures were subject to audit review.

More about Wiseway Group Ltd.

Wiseway Group Ltd. operates in the logistics and freight forwarding industry, focusing primarily on import services. The company is known for its robust imports division, which has shown significant revenue growth.

YTD Price Performance: 15.38%

Average Trading Volume: 48,400

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: A$25.1M

Learn more about WWG stock on TipRanks’ Stock Analysis page.