Tourism Holdings doubles first-half profit as El Monte outperforms

Wed, 21 Feb 2018

By Tina Morrison Feb. 22 (BusinessDesk) - Tourism Holdings, the world's largest recreational vehicle rental business, doubled first-half profit as it benefited from the acquisition of US campervan rental and sales business El Monte, which performed better than expected, and US tax changes. Profit jumped to $22.8 million, or 18.1 cents per share, in the six months ended Dec. 31, from $11.3 million, or 9.4 cents, in the year-earlier period, the Auckland-based company said in a statement. Earnings were boosted by a one-time gain of $1.8 mill...

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