Sea SA bucks the trend with revenue increase
Sea SA has defied the economic downturn posting an 11% rise in revenue, the Spencer Gulf ro-ro company has revealed.
Sea SA carried 27,774 cars, 77,128 passengers, 3757 trailers, 137 buses and 1138 motorbikes, in the year to June 30, recording rises of 13%, 18% and 38% for trailers, buses and motorbikes respectively.
Freight traffic was particularly pleasing for the company, with a 31% increase in trucks from 535 to 780.
“While on volume these figures are actually slightly down when compared with volumes carried in 2007/08, we have maintained our strength by adapting to current market conditions,” managing director Stephanie Dawson said.
“We have held 2007/08 prices, introduced popular off-season discounts and streamlined the number of daily services we offer to ensure the service remains cost-efficient, achieves economies of scale and ultimately stays viable."
Sea SA provided an average of 24 crossings a week, down from 36 a week last financial year, due to the downturn.
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