‘Goods-led’ recovery delivers WiseTech an upgrade
Yolanda RedrupRich List Editor
Updated
Key Points
- Revenue ($m) 238.7, up 16pc from year-earlier 205.9
- Pre-tax profit ($m) 60.8 v 71.8
- Net profit ($m) 44.4 v 59.9
- Interim dividend 2.7c v 1.7c, payable on April 9
WiseTech Global is edging closer to the release of its much-anticipated new product for cargo owners called Neo, but the global logistics software company won’t risk doing more harm than good by rushing it out, says CEO Richard White.
The company said on Wednesday Neo was going through beta trials with a select group of so-called beneficial cargo owners (goods owners), but it would focus on “penetration ahead of monetisation” for the platform.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
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