Tourism Holdings says US tax benefit helped it beat earnings guidance

Sun, 11 Aug 2019

By Paul McBeth Aug. 12 (BusinessDesk) - Tourism Holdings said annual earnings beat its downgraded guidance due to a one-off tax gain in the US. The rental RV operator said net profit will "comfortably exceed" the top of its $25-$27 million forecast, after its advisers found $1.8 million of tax benefits from its US operations. Excluding the one-off gain, earnings will be at or slightly above the top end of guidance, it said. "The tax years that the losses were applied to had a higher tax rate than the losses were previously valued at,...

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