SeaLink’s El­li­son to re­tire

Travel Daily - - Front Page -

JEFF El­li­son, man­ag­ing direc­tor of SeaLink Travel Group, is set to re­tire from his role on or be­fore Oct 2019, with the in­ten­tion of re­main­ing as ceo un­til a suc­ces­sor is ap­pointed.

El­li­son has led the com­pany for more than 21 years, dur­ing which it has tran­si­tioned from a small pri­vately owned SA business to a top 300 ASX pub­lic com­pany.

He said with SeaLink’s strat­egy es­tab­lished as an in­te­grated provider of trans­port and tourism ex­pe­ri­ences, “I firmly be­lieve that now is the time to give a new gen­er­a­tion of lead­ers the op­por­tu­nity to build on the strong plat­form that now ex­ists”.

The com­pany also to­day an­nounced record sales of $209.4 mil­lion for the year to 30 Jun, an in­crease of 4% driven by the ac­qui­si­tion of King­fisher Bay Re­sort Group on Fraser Is­land as well as growth in its core op­er­a­tions across the coun­try.

Statu­tory net profit be­fore tax was down 20% to $27.5m, with the com­pany declar­ing an 8c per share fi­nal div­i­dend.

Sales for the Cap­tain Cook Cruises op­er­a­tions rose 8.1% but saw an 87% drop in earn­ings, due to start-up costs and trad­ing losses re­lated to the new Rot­tnest Is­land ferry and ser­vices be­tween Manly and Baranga­roo in Sydney.

SeaLink SA saw rev­enue de­cline about 5% to $64.2m, due to the full year im­pact of the Jun 2017 clo­sure of its NSW travel cen­tre and lower ac­com­mo­da­tion sales.

El­li­son said SeaLink was well po­si­tioned to sig­nif­i­cantly im­prove on its 2018 re­sult.

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