Tourism Holdings profit falls 25%, reiterates annual guidance

Fri, 28 Feb 2020

Tourism Holdings' first-half net profit fell 25 percent and it reiterated guidance for the full year, despite the developing coronavirus crisis.The campervan and tourism attractions company reported a net profit of $13.1 million for the six months ended December, down from $17.5 million in the same six months a year earlier.The company still expects to report an annual net profit of about $24 million, a figure it forecast earlier this month, down from $27.9 million the previous year excluding one-off profits."We have a strong balance sheet and...

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