Brief: Tourism Holdings Sees H1 Net Loss After Tax Of Between NZ$4 Mln To NZ$7 Mln

Tourism Holdings

10/12/2021 01:28

Dec 10 (Reuters) - Tourism Holdings Ltd  THL.NZ :
    * EXPECT THAT RESULT FOR H1 WILL BE A NET LOSS AFTER TAX OF
BETWEEN NZ$4M - NZ$7M
    * EXPECT HIGHER THAN HISTORICAL MARGINS TO REMAIN THROUGHOUT
FY22
AND POTENTIALLY INTO H1 FY23
    * OUTLOOK FOR H2 FY22 IN NEW ZEALAND AND AUSTRALIA REMAINS
UNCERTAIN
    * UNLIKELY THAT THERE WILL BE ANY MEANINGFUL TRANS-TASMAN
TRAVEL
IN H2
    * INTERNATIONAL BOOKING INTAKE FOR APRIL - MAY SHOULDER
SEASON IN
USA HAS BEEN POSITIVE
    * EXPECTS THAT NET CAPITAL EXPENDITURE FOR FY22 WILL BE AT
LOWER
END OF GUIDANCE BETWEEN NZ$25M TO NZ$60M
    * VEHICLE SUPPLY CHALLENGES ARE ONGOING BUT CONSIDERED
MANAGEABLE
FOR 2022

Further company coverage:  THL.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))