Skyline Enterprises has announced a preliminary profit before tax of $71.3million — up from $34.9m last year.
The result for the year ended March 31, which is subject to audit, includes $10.4m of commercial property revaluation gains, up from $7.7m in 2022, with underlying trading profits of $60.9, more than double last year’s $27.2m.
In a letter to shareholders, Skyline chair Peter Treacy says the result is particularly pleasing given the inflationary operating environment globally and ongoing labour market challenges.
Revenue from continuing operations was up from $123m to $183m — the reopening of international travel markets is a strong contributor to that result.
Treacy says the directors have determined a final dividend of 28 cents a share, payable on September 29.
The total dividend for the year is 48c a share, following the payment of the 20c per share interim dividend last December.