Tourism Holdings shares plummet 11% after profit warning

Wed, 05 Feb 2020

Tourism Holdings' shares fell nearly 11 percent after it warned annual net profit will be down about 14 percent. The company's shares opened at $2.50 from yesterday's close at $2.80.Earlier, Tourism Holdings said it expects annual net profit will be down about 14 percent because of the coronavirus impact on Chinese tourism, the Australian bushfires and the previously advised problems in its US business.The company said it currently expects net profit for the year ending June will be about $24 million, which compares with the $27.9 million...

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