Tourism Holdings Limited (thl) has provided improved pro forma underlying net profit after tax (NPAT) guidance for FY23, expecting it to be above NZ$75 million.
This guidance includes underlying profit of NZ$27 million attributable to Apollo Tourism & Leisure Ltd (ATL) for the five months prior to completion of the merger, as well as a NZ$9 million gain on the sale of 310 motorhomes to Jucy Rentals.
Excluding ATL's profit for the period before completion of the merger, thl's expected underlying NPAT for FY23 is above NZ$48 million.
The improved guidance reflects the strong trading of the business in the first half and a positive outlook for the remainder of FY23.
Final results for FY23 will be released on Thursday, 23 February 2023.
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