Cabcharge has narrowed its full-year loss to $2.22 million from $90.6 million a year earlier, after increasing its fleet size and fare turnover.
The taxi payment service and fleet operator's revenue for the 12 months ending June 30 rose 22 per cent to $185.5 million, helped by the acquisition of Yellow Cabs in Queensland and growth in payments.
Cabcharge chief executive Andrew Skelton said the company had lifted fleet size 28 per cent and investments in marketing had helped the company grow its market position despite competition from ride-sharing services.
The company will pay a fully-franked final dividend of four cents a share.
Cabcharge shares were down 18 cents, or 7.96 per cent, to $2.08 at 1224 AEST after the company said it would maintain its current level of spending on technology and marketing.
CABCHARGE BEGINS RECOVERY
* 2017/18 statutory net loss of $2.22 million
* Revenue up 22pct to $185.5 million
* Final dividend of 4 cents, fully franked
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