Tourism Holdings raises annual earnings guidance as NZ enjoys bumper visitor numbers

Tue, 20 Jun 2017

By Paul McBeth June 21 (BusinessDesk) - Tourism Holdings raised its earnings guidance and says annual profit will probably rise by about 21 percent as New Zealand continues to register record visitor numbers. The Auckland-based company expects to report net profit of about $29.5 million in the year ending June 30, up from $24.4 million a year earlier, and ahead of earlier guidance for profit to exceed $27 million. The upgrade was due to "recent trading results in New Zealand the USA," it said in a brief statement. "The details of the...

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