Ramsay: 'We were in survival mode'
ILT's after-tax profit for the year ending March 31, 2022 dropped by just over $2m, from $10m to $8m. But its CEO says the recovery has been positive.
Invercargill Licensing Trust CEO Chris Ramsay says the organisation will go close to hitting the $8 million community funding mark again, after being in ‘survival mode’ during Covid-19.
The ILT Group held its AGM on Thursday which actually covered off its financial year ending March 31, 2022.
Ramsay said it was during that period when Covid-19 had the biggest impact on the ILT.
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