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.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.