Tourism Holdings Limited today announced strong half year results and record guidance for FY23, following the completion of its merger with Apollo Tourism & Leisure in November 2022.
With the global tourism industry in recovery mode from a low base of activity in recent years, thl reported a statutory net profit after tax of $25.2 million (underlying NPAT of $26.3 million), an increase of $29.6 million on the prior corresponding period.
thl also reported rental revenue up 167%, and record fleet sales margins achieved in New Zealand, Australia, Canada and UK/Europe.
thl expects to be in a position in August 2023 to declare a dividend, which will be smaller than thl’s historical dividend policy.
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