Experience Results 1H2018

With reporting season in full swing the highly acquisitive Experience Co has also reported results this week. The interest here is in the stakes acquired in recent times in prominent Cairns based tourism businesses. Commentary from Experience:

Raging Thunder  • 6-month contribution to 1H18 results • Financials in line with management expectations • PAX numbers up 5.7% YOY • Raging Thunder Marine now being managed by Reef Magic Cruises, with Reef Magic engineering department now responsible for maintenance of Raging Thunder marine assets

Reef Magic Cruises  • 6-month contribution to 1H18 results • Financials in line with management expectations • PAX numbers in marine as a whole increased by 1% YOY • Reef Magic now operates out of Experience Co Headquarters in Cairns, having moved out of previous lease arrangements

Great Barrier Reef Helicopters  • 2-month contribution to 1H18 results • Financials in line with management expectations • PAX numbers increased 9.8% YOY

Big Cat Green Island Cruises • 18 day contribution to 1H18 results

Tropical Journeys  • 12 day contribution to 1H18 results

Previous Posts: An eye on Experience ; Experience on Watch

 

 

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