A Skyline divvy

Published date29 September 2022
Publication titleMountain Scene
The company outlined its financial results to shareholders at its annual meeting in Queenstown on Saturday, reporting a net profit after tax of $35.7m over the 2022 financial year, compared to $56.7m for the previous year

That’s slightly up on the preliminary profit before tax, reported by Mountain Scene in June, of $34.9m.

Skyline chair Jan Hunt — who’s retiring from the board at the end of this year — says while the board deemed the payment of the traditional year-end dividend ‘‘inappropriate’’ at the time the financial year concluded, given the positive trend in travel and visitation, it’s now confirming a 20 cent dividend payable within the next three months.

While the operating environment continued to be dominated by the impact of COVID, the board and management were encouraged by the 2022 result — despite border closures and restrictions, lockdowns and constantly-changing operating environments, which ‘‘depressed overall business performance’’, Skyline was proactive in minimising impacts by maintaining ‘‘agile and flexible operating models’’, tight cost control and careful oversight of capital works projects, Hunt says.

‘‘As international travel gradually returns, we are confident that our response will position Skyline well to face...

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