Tourism Holdings reports $2m loss as it prepares for summer rush

Tourism Holdings reports $2m loss as it prepares for summer rush
Tourism Holdings said progress on its proposed merger with Apollo has been frustrating but a decision was expected next month. (Photo: Thl)
Dan Brunskill
Tourism Holdings hopes it has reported its last net loss now that borders have reopened and tourists are travelling again. The travel and tourism operator reported a net loss of $2.1 million in the 12 months ended June, narrowing from a loss of $14.5m in the prior financial year.Total revenue was down 4% at $345.8m, as rental revenue was reduced by extended lockdowns. Earnings before interest and tax were $6.9m, turning around a loss of $8.3m.Board chair Cathy Quinn said she was not content with reporting another loss and the team will be...

More Markets

Bathurst vs Talley's: battling on
Markets Part 3

Bathurst vs Talley's: battling on

Bathurst turned back to Asian investors to raise capital this year.

Kiwibank's $500m capital hike fails to inspire
Markets

Kiwibank's $500m capital hike fails to inspire

Capital raise plans designed to help the bank grab market share from its Aussie rivals.

NZX falls as Synlait and Mainfreight take hits
Markets Market Close

NZX falls as Synlait and Mainfreight take hits

Market reacts strongly to news of "challenges" at Synlait's Dunsandel plant.

Tom Raynel 30 Jul 2025
'Slow and disappointing' start to the year for Mainfreight
Markets

'Slow and disappointing' start to the year for Mainfreight

The freight and logistics firm said profits were down across its three main divisions.

Staff reporters 30 Jul 2025