Demonstrates resilience and delivers strong result in first half of FY21

Key highlights include:

•  Demonstrated resilience as an integrated, multi-modal transport business during an extended period of unprecedented external disruptions • Record revenue of $570.8 million, up 329.5% on previous corresponding half-year FY20, following the transformational acquisition of the Transit Systems Group, completed in January 2020
•  Underlying Net Profit After Tax and before Amortisation of $48.1 million, up 231.9% on prior year
•  Ongoing strengthening and enhancement of earnings with contract renewals and new contract awards during the period
•  Good demand from domestic tourism sector despite COVID-19 lock downs and travel uncertainty
•  Approximately 91% of Group revenue is now either contracted or non-discretionary commuter transport revenue, providing “essential” transport services
•  Delivered strong gross operating cashflow
•  COVID-19 impacts well managed
•  Balance sheet strength offers resilience and creates optionality
• Increased fully franked interim dividend to 7.0 cents per share

DISC: Previously held...this was one of my Covid sales...how wrong was I !!