Wilson Parking has recorded $18 million in profit in FY23, putting the company back on track after reporting losses in previous years.
The company’s financial statement for the year ending June 30 2023 shows Wilson Parking achieving a profit of $18.3 million compared to a loss of $336,684 in FY22.
Wilson Parking posted a net loss of $11.7 million in the financial year ending June 2021.
According to its financial statement, the company had a revenue of $989 million in FY22, an increase from $911 million in the previous reporting period.
The total gross trading revenue for the year, before tax, is $1.28 billion.
In FY23, Wilson Parking’s total current assets were reported as $217.6 million.
“The current year operations and results were impacted by one significant item, an impairment of three million dollars million on a long-term leasehold car park property in Sydney,” the statement said.
“At 30 June 2023, the group held adequate cash reserves and was external bank debt free.”
Wilson Parking Australia, subsidiary of Wilson Group, first opened in Perth in the 1960s but is based in Hong Kong.
Sun Hung Kai Properties acquired Wilson Group in 1992.
Wilson’s financial statement said the group operated 505 Wilson Parking car parks, and 100 InterPark car parks, in all Australian major cities.
Other national services operated included Wilson branded security, storage and health.
