Tourism Holdings lifts annual profit forecast, shares rise

Wed, 26 Nov 2014

By Suze Metherell Nov. 26 (BusinessDesk) - Tourism Holdings, the biggest campervan rental company in Australia and New Zealand, said annual profit may rise as much as 44 percent on increased sales and lower costs. The shares rose to a six-year high. Profit is expected to be between $15 million and $16 million for the year ended June 30, 2015, up from $11.1 million it recorded this year, and up from a previous forecast of $15 million, chairman Rob Campbell told shareholders at their annual meeting in Auckland. The profit growth would foll...

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