Tourism Holdings first-half profit slides on investment in Thor JV

Mon, 25 Feb 2019

By Paul McBeth Feb. 26 (BusinessDesk) - Tourism Holdings posted a 23 percent decline in first-half profit as the rental RV operator continued to invest in its joint venture with Thor Industries to develop a digital-based company. Net profit was $17.5 million in the six months ended Dec. 31, down from $22.8 million a year earlier. Tourism Holdings invested $5.4 million in the 50/50 TH2 joint venture with Thor, in line with expectations, which contributed to a $4.9 million share of losses from its joint ventures. Excluding that activit...

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