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…
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