Tourism Holdings sees NZ merger, US driving 25 percent 1H earnings growth; shares jump

Wed, 27 Nov 2013

Nov. 27 (BusinessDesk) - Tourism Holdings, which merged its campervan rental business with two rivals last year, said benefits from the merger and continued strong performance in the US market is expected to lift first-half earnings by 25 percent. The shares jumped about 18 percent to a three-year high. Earnings before interest and tax may rise to $6.6 million in the six months ending Dec. 31, from $5.3 million a year earlier, chairman Rob Campbell told shareholders at their annual meeting in Auckland. Net profit would be $2.5 million compare...

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