Tourism Holdings Limited (thl) has announced its annual results for the year ending 30 June 2022, showing a significant improvement on the prior corresponding period (pcp) with underlying net loss after tax of $5.4M, improved by $8.9M.
Statutory net loss after tax was $2.1M, improved by $12.4M.
Total revenue was $345.8M, down 4% on the pcp, due to reduced rental revenue, with sale of goods revenue broadly in line with the pcp.
Net debt at 30 June 2022 was $58.5M, providing approximately $200M of headroom in debt facilities to fund fleet growth.
No dividend was declared for FY22 and a dividend is unlikely for FY23.
thl currently expects that net profit after tax in FY23 will be within the range of analyst expectations, between $17.0M to $30.2M.
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