Tourism Holdings likely to exceed 2016 guidance as margins improve

Thu, 28 Apr 2016

By Sophie Boot April 29 (BusinessDesk) - Tourism Holdings will likely exceed its 2016 guidance as margins improve in New Zealand and Australia, giving the campervan rental company confidence to predict growth over 2017 and 2018. The Auckland-based company brought forward it projection for reaching annual profit of $30 million by a year to 2018, and said it would "meet and likely to some extent exceed" its earlier guidance for the year ending June 30, 2016, of $24 million, which would be up from last year's $20.1 million profit. "The FY...

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