Kelsian Group has released its half year financial results while also announcing a new key appointment.
Kelsian Group announced that Fiona Hele will join the multi-modal operator as an independent non-executive director and as chair of the board from July 1 this year.
Hele originally joined the Kelsian board in September 2016 and was appointed deputy chair in August 2022, with Hele since serving as the chair of the company’s audit, risk and sustainability committee, as well as being a member of the people, culture and remuneration committee.
Hele’s appointment follows the announcement in September 2023 that Kelsian’s existing chair of the board, Jeff Ellison, will retire during him current term on completion. Hele will be the successor to his role when he steps down on July 1.
“I’m delighted that Fiona is taking over as chair of Kelsian and I’m confident that she has the relevant skills and experience, as well as the corporate knowledge, to be an excellent chair,” Ellison says.
“Since I joined Kelsian more than 30 years ago, I’m very proud of the significant growth that we have achieved, and I take this opportunity to thank my fellow directors as well as the executive team for their support and guidance.”
Kelsian has also unveiled its financial year 2024 half year results for the six months ending December 31 last year.
For Kelsian, its revenue grew by 44.9 per cent during this time to $982.7 million, reflecting the acquisition of All Aboard America! Holdings and new Sydney contracts from August to October 2023.
Depreciation increased by 117.6 per cent to $55.7 million to reflect the acquisition of bus assets for Sydney contracts.
These changes meant Kelsian’s fully franked interim dividend increased from 7.5 cents per share in the first half of the 2023 financial year to eight cents per share in the second half of the financial year.