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Orcoda (ASX:ODA) reports initial transport numbers from Mt Buller resort

Transport
01 July 2021 15:50 (AEST)
Orcoda (ASX:ODA) - Managing Director, Geoff Jamieson (front)

Source: Orcoda

Orcoda (ODA) has spruiked record transport numbers at the Mt Buller Ski Resort under its agreement with the Victorian State Government.

The logistics company updated the market on its activities at the location, advising it had managed the transport of over 20,000 passenger movements
in the last two weeks at the resort.

Orcoda said its rideshare had transported over 5000 of the passenger movements at Mt Buller Ski resort to date.

The company also forecasts a total contract revenue of $25 million over the nine-year contract period.

The company owed the performance in part to increased attendee numbers at the resort.

Orcoda Managing Director Geoff Jamieson said the company had put a lot of effort into delivering its technology platform.

“Mt Buller is experiencing record numbers coming to the resort but obviously, we are mindful to monitor the fluid COVID situation,” he said.

“Our aim is for our technology to assist them [drivers] to be ‘best in class’ in terms of both safety and efficiency for themselves and the customers.”

Orcoda said it had also received encouraging feedback from users of its drivers app and had up to 40 vehicles on the mountain utilising its logistics management system.

Orcoda shares closed today’s session in the grey at 12 cents.

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