Tourism Holdings issues upbeat guidance; expects profit to be above $30m

Tourism Holdings said while vehicle sales continued to perform well, rental sales were down. (Image: Tourism Holdings)

Wed, 12 Oct 2022

Tourism Holdings (THL) said it expects its net profit to be above $30 million for the current financial year after a first quarter that exceeded expectations.The NZX-listed tourism company said its profit would be above earlier guidance of between $17m and $30.2m in the year ending June 30, 2023. The shares rose 4% to $2.86 when trading opened.The updated guidance included an estimated $3.5m in transaction costs for its merger with Apollo Tourism & Leisure.The company said the improved outlook was a result of a first quarter that excee...

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