Tourism Holdings shares tank 31% after profit guidance cut by $25m

Thl rents out recreational vehicles on three continents. (Image: Supplied)

Mon, 06 May 2024

Tourism Holdings shares tumbled more than 30% in early trading on Monday after the company cut its net profit guidance for the current financial year by a third.The shares, which had been on a trading halt, last traded down 31.2% at $1.96 after it said it expects to turn a profit of between $50 million and $53m for the 2024 financial year to June 30, down from $75m.Previous guidance was set in interim trading results for the six months to Dec 31, released to the market on Feb 20.Tourism Holdings told BusinessDesk that "the degree of change...

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