Tourism Holdings Limited (THL) today released an update on its expected net profit after tax (on a standalone basis) for the financial year ending 30 June 2023 (FY23).
The current expectation is that this will be above $30 million, a significant improvement on earlier guidance of $17.0-30.2 million.
The improved outlook is attributed to strong performance in the first quarter of FY23 and higher-than-expected rental revenue for the upcoming high season in Australia and New Zealand.
THL will provide further detail at their Annual Shareholder Meeting on 1 November 2022.
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