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AAP
AAP
Derek Rose

Cashed-up Webjet finished first half with $634m in bank

Webjet
Webjet's revenue has soared but the company is holding off on paying dividends. (Dan Himbrechts/AAP PHOTOS)

Webjet Limited generated $144 million in cash earnings during the first half, but is still taking a cautious approach to shareholder returns.

The company had been historically generous with dividends before the COVID-19 pandemic, sharing 50 to 60 per cent of profits, but won't resume dividend payouts just yet despite $634 million in the bank when the first half closed on September 30.

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