Brief: Tourism Holdings Says Reduced FY24 NPAT Guidance

Tourism Holdings

06/05/2024 02:02

May 6 (Reuters) - Tourism Holdings Ltd  THL.NZ :
    * REDUCES FY24 NPAT GUIDANCE
    * NOW EXPECTS NET PROFIT AFTER TAX IN FY24 TO BE BETWEEN
NZ$50M
AND NZ$53M
    * WEAKENING ECONOMY IMPACTED MOST REGIONS AND BUSINESS
DIVISIONS
NEGATIVELY AND LOWERED EXPECTATIONS INTO Q4
    * HAS RETAINED GOAL FOR NZ$100M NPAT IN FY26
    * EXPECTATIONS FOR FY25 NOW BELOW FY23 PRO FORMA NPAT OF
NZ$77.1M
    * FORECASTING TO BE COMPLIANT WITH COVENANT ASSESSMENTS FOR
30
JUNE 2024 QUARTER
    * WILL ENGAGE WITH BANKING SYNDICATE TO SEEK TO AMEND
COVENANT
PACKAGE TO BETTER REFLECT CURRENT TRADING CONDITIONS
    * BELIEVES PROBABLE THERE WILL BE IMPAIRMENT IN RELATION TO
UK/IRELAND BUSINESS DIVISION AS PART OF UPCOMING 2024 YEAR-END
PROCESS

Further company coverage:  THL.NZ 

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