Tourism Holdings lifts 1H profit 45% as visitor numbers swell demand

Mon, 22 Feb 2016

By Sophie Boot Feb. 23 (BusinessDesk) - Tourism Holdings, the campervan rental company, boosted first-half profit 45 percent and upgraded its full-year profit forecast, as the sector sits in a sweet spot with a weaker kiwi dollar and cheaper oil supporting international travel. Net profit rose to $8.2 million in the six months ended Dec. 31, from $5.6 million a year earlier, the Auckland-based company said in a statement. Earnings before tax rose 44 percent to $13.7 million on a 14 percent rise in revenue to $88.8 million. The company...

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