SeaLink head to re­tire

Cruise Weekly - - News -

MANAG­ING di­rec­tor of SeaLink Travel Group, Jef­frey El­li­son, has an­nounced his intention to re­tire, with the move set to take ef­fect fol­low­ing the com­pany’s AGM in Oct 2019.

El­li­son has been at the helm of the busi­ness for more than 21 years, steer­ing it from pri­vate own­er­ship through to the ini­tial pub­lic of­fer­ing in 2013, and will re­main as ceo un­til a re­place­ment is ap­pointed.

Chair­man An­drew McEvoy said that while un­der El­lis’ lead­er­ship, SeaLink be­came one of the coun­try’s big­gest tourism and trans­port op­er­a­tors.

“He will be leav­ing the com­pany with great profit growth prospects and bal­ance sheet, a very ca­pa­ble & fo­cused ex­ec­u­tive team & strong mo­men­tum in the busi­ness,” McEvoy said.

MEAN­WHILE the com­pany has posted its full year re­sults, boast­ing record sales of $209.4m, up 4% from $201.4m recorded in the same pe­riod last year and po­si­tion­ing it­self for a strong earn­ings year ahead.

The sales spike was re­port­edly driven by the ac­qui­si­tion of King­fisher Bay Re­sort on Fraser Is­land, new ferry ser­vices and growth in core tourism and trans­port op­er­a­tions across South Aus­tralia, south-east Queens­land, Townsville and NSW.

The com­pany has also re­ported that its un­der­ly­ing net profit af­ter tax (NPAT) came in at $22.1 mil­lion for the pe­riod, down 7.1% on the pre­vi­ous year.

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