Tourism Holdings shares fall on earnings guidance cut, weak Australian market

Wed, 27 Feb 2013

By Paul McBeth Feb. 28 (BusinessDesk) - Tourism Holdings, which merged its campervan rental business with two rivals last year, cut its annual earnings guidance on a deteriorating Australian market after posting a small first-half loss as expected. The shares fell 1.5 percent. The Auckland-based company made a loss of $500,000, or 0.4 cents per share, in the six months ended Dec. 31, from a profit of $4.2 million, or 4.2 cents, a year earlier, it said in a statement. That was at the top end of its November forecast, and earnings before inter...

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