Brief: Tourism Holdings Says Current Expectations For FY24 NPAT Is Around NZ$75 Mln

Tourism Holdings

19/02/2024 19:42

Feb 20 (Reuters) - Tourism Holdings Ltd  THL.NZ :
    * INTERIM DIVIDEND OF 4.5 NZ CENTS PER SHARE DECLARED
    * SEE FY24 AS A TRANSITIONAL YEAR
    * EBITDA AND EBIT CONTINUE TO TRACK TO OUR EXPECTATIONS FOR
FY
    * WE CURRENTLY EXPECT NPAT IN FY24 TO BE AROUND NZ$75M
    * CURRENT EXPECTATIONS FOR NPAT IN FY24 IS AROUND NZ$75
MILLION
    * REITERATE OUR GOAL TO DELIVER NZ$100M IN NPAT IN FY26
    * HY NET PROFIT AFTER TAX OF NZ$39.7M, AN INCREASE OF 58%
    * EXPECT THAT FY26 WILL SEE BENEFIT OF STRONGER RENTAL
EARNINGS
    * SEES SOME VOLATILITY IN NEAR TERM ASSOCIATED WITH VEHICLE
SALES
MARKET
    * BELIEVE VOLATILITY ASSOCIATED WITH VEHICLE SALES MARKET
WILL BE
TEMPORARY IN NATURE
    * HY TOTAL REVENUE NZ$449.2 MILLION VERSUS NZ$261.0 MILLION

Source text for Eikon:  ID:n426448-7 
Further company coverage:  THL.NZ 

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