Business
Kangaroo Island Plantation Timbers has rejected a $20 million offer to buy the majority of its forestry land and use it for farming, saying the bid was “far below book value”.
News
Transport and tourism operator SeaLink Travel Group has announced a $32 million profit for the first half of the financial year, driven by its newly-acquired Australian and international bus business.
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UPDATED: A state Labor push to subsidise SeaLink ferry trips to boost tourism to the bushfire-ravaged Kangaroo Island would be akin to “charging a dead person life insurance”, a competing ferry operator on the island claims.
UPDATED | South Australian travel group SeaLink is taking over the company that runs Adelaide’s central bus services, which is also competing to control the state’s trams.
Adelaide-based ferry and tour operator SeaLink has reported a record $208 million in sales and six per cent growth in underlying profit, despite disappointing results across several of its divisions.
SeaLink started running one ferry service to Kangaroo Island and now operates dozens of vessels, tours, commuter services and travel accommodation across the country. Long-time outgoing CEO Jeff Ellison sits down with InDaily to discuss his strategies for growth – and for navigating rough waters.
