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TransferWise Posted a post-tax profit

11 Sep, 2018

TransferWise Posted a post-tax profit

Money-transfer startup TransferWise disclosed today that it posted a post-tax profit in its most recent fiscal year, along with 77.3 percent revenue growth.

TranserWise’s Results :

The London-based company released a number of metrics relating to its performance:

2016 (year ending March, 2017) revenue : $85 million.

2017 (year ending March, 2018) revenue : $151 million.

2016 operating profit : -$670,000.

2017 operating profit : $12.3 million.

2017 net profit after tax : $8 million.

The company shared a single graphic, detailing falling fees and rising customer counts. TransferWise grow profits while posting nearly 80 percent year-over-year growth is impressive.

TransferWise Posted a post-tax profit < Business News

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