THL boosts profit expectation

Mon, 14 Sep 2020

Listed tourism company Tourism Holdings has revised its expected profit up a smidgen, to about $20 million for the financial year ended June 30.The company told the NZX on Monday it had increased its profit guidance from $17.5 million to $19.5 million, excluding one-offs such as a $9.3 million gain from its partial exit from the Togo Group. THL announced it was pulling out of the joint tech venture in April to focus on its core motorhome business.THL has been impacted by closed borders and vanishing demand from international tourists for camper...

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