Tourism Holdings says annual earnings fell 11 percent to $14.6 million on weak demand in Australia

Wed, 28 Aug 2013

By Tina Morrison Aug 29 (BusinessDesk) – Tourism Holdings, which merged its campervan rental business with two rivals last year, posted an annual profit at the lower end of its forecast range as weak demand in Australia weighed on earnings. Earnings before interest, tax and financing costs fell 11 percent to $14.6 million in the 12 months ended June 30, compared with the company’s forecast of $14 million to $16 million. Sales rose 12 percent to $224.6 million, the Auckland-based company said in a statement. Tourism Holdings has expanded its...

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