Tourism Holdings could make a profit in 2021: Forsyth Barr

Tue, 08 Sep 2020

Tourism Holdings could report a small profit in the year ending June 2021 as it takes advantage of buoyant demand for motorhomes by aggressively selling down its fleet, according to Forsyth Barr analyst Andy Bowley. "The strong uptake for ex-fleet vehicles is providing a welcome cashflow boost and, given robust margins, a profitability injection," Bowley said in a report on Tourism Holdings. The company "could now conceivably generate underlying profits in each year through covid-19" and the sales will also boost the shares' net asset val...

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