Tourism Holdings boosts profit 81% on wider campervan rental margins

Wed, 26 Aug 2015

By Suze Metherell Aug. 27 (BusinessDesk) - Tourism Holdings, the campervan rental company, boosted annual profit 81 percent, slightly ahead of guidance, after strengthening its balance sheet and improving margins. Profit rose to $20.1 million in the year ended June 30, from $11.1 million a year earlier, the Auckland-based company said in a statement. That's ahead of its April guidance of between $19.5 million and $20 million, which was the third time the company had upwardly revised its forecasts. Sales rose 4 percent to $237 million. ...

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