Skydive the Beach revenue rises with tandem bookings

Company News

by David Chau

A skydiving company called Skydive the Beach (ASX:SKB) has announced positive full-year results.

The company’s underlying net profit after tax was $7.8 million.

The company also says its revenue was up 122% to $58.5 million last financial year.

These results were driven by a 123% increase in the number of tandem skydive bookings, oversubscribed capital raisings, and the acquisitions of NZone Skydive and Skydive Wanaka.

The company has declared a final and fully franked dividend of 1 cent per share.


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