Company Interview / Kelsian Group "on track" for better 2H

CEO Clint Feuerherdt of Kelsian Group (ASX: KLS) reports a 29% drop in first-half net profit, influenced by a subdued marine and tourism business. Revenue exceeds $1 billion, thanks to Western Sydney bus contracts. Earnings show a modest increase with the interim dividend at $0.08 per share.

The CEO notes resilience in their marine tourism sector, despite Fraser Island softness. Public transport sees a boost from the push for greener economies and cost of living. The Brisbane RiverCity service enjoys double-digit growth, although Kelsian (ASX: KLS) operates on a gross cost contract.

Internationally, Clint highlights growth in Singapore, Liverpool, and the U.S, emphasising organic expansion through public tenders. Kelsian reduces its dividend payout ratio due to upcoming growth opportunities but keeps the dividend amount steady.