New Zealand's Tourism Holdings slumps on seeing lower-than-expected FY profit

Tourism Holdings

17/04/2025 03:08

** Shares of Tourism Holdings THL.NZ fall 10.6% to NZ$1.44, their lowest since May 26, 2020

** Stock on track for biggest one-day pct drop since May 6, 2024

** Tourism co expects underlying FY2025 NPAT significantly below analyst consensus of NZ$45.2 million ($26.7 million) due to low travel demand for the U.S.

** About 2.1 million shares change hands, 21.6x the 30-day average

** Stock down 27.6% YTD, including moves in current session

($1 = 1.6918 New Zealand dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com))