Business
SeaLink into the red as COVID-19 trashes tourism – The Australian Financial Review
The tourism and commuter bus operator cut its dividend by almost half but still paid out to shareholders while receiving $8.6 million in JobKeeper payments.
But the steadier bus contract business, where it operates a fleet of 3500 buses mainly in Sydney, Melbourne, Adelaide, Perth and Singapore, proved a stabiliser for the group with a 5½-month contribution.
“I think the acquisition was very timely,” Mr Feuerherdt said.
He said interstate borders would need to reopen for the business to find momentum. “The one thing we need to avoid is going into material lockdowns again,” he said.
The company cut its final dividend from 8.5¢ a share a year ago…
-
Business20 hours agoBroker names 2 small cap ASX shares to buy for big returns
-
Noosa News20 hours agoMin Woo Lee, Adam Scott and Cameron Smith in the mix after Australian PGA opening round in Brisbane
-
Business19 hours agoThese top ASX 200 stocks could rise 25% to 60%
-
Business22 hours agoThis ASX All Ords stock has more than doubled investor’s money since January. Here’s why it’s tipped to surge another 45%!