THL expects loss of more than $12 million

THL expects loss of more than $12 million
Rebecca Stevenson
Tourism Holdings expects domestic demand in New Zealand during the summer period to be weaker than first thought.Based on November and early December trading, domestic demand for late January through to March would be lower than originally anticipated, the company said in a statement on NZX.It said it wasn’t currently possible to provide a credible forecast for the coming financial year, but expected to post a bigger loss than the average predicted by market analysts. The average net loss projection for THL was $12.8 million across Carter...

More Economy

US tariff risk less than expected for FPH, Jarden says
Economy

US tariff risk less than expected for FPH, Jarden says

Jarden says tariff-related impacts on earnings would be "nominal" by 2030.

Iron sand project could deliver $265m GDP boost: NZIER
Economy

Iron sand project could deliver $265m GDP boost: NZIER

Iron sands mining in Taranaki could create 1365 jobs, NZIER report says.

Trump’s tariffs may spur a more dovish RBNZ
Economy

Trump’s tariffs may spur a more dovish RBNZ

The risk appears more weighted to the RBNZ cutting the OCR further than otherwise.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Ian Llewellyn 03 Apr 2025