Tourism Holdings to beef up investment in Thor joint venture

Mon, 27 Aug 2018

By Rebecca Howard Aug. 28 (BusinessDesk) - Tourism Holdings will step up investment in its TH2 joint venture with RV maker Thor Industries, which will stop it from repeating another year of record profits. The Auckland-based company reported a record net profit of $62.4 million in the year ended June 30, of which $23.1 million was an accounting gain on setting up the venture with Thor. Earnings before interest and taxation before one-off gains rose 33 percent to $63.5 million on a 25 percent increase in revenue to $425.9 million. "Th...

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