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

Fri, 26 Aug 2022

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...

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