NZ's Tourism Holdings falls to 6-week low on lower FY profit

Tourism Holdings

27/08/2024 05:23

** Shares of Tourism Holdings  THL.NZ  fall as much as 6.3%
to NZ$1.95, lowest since July 15
    ** Co's FY statutory net profit falls down 21% due to a
goodwill impairment related to its UK/Ireland divisions
    ** FY revenue from continuing operations rises 39%
    ** Co expects rise in FY25 underlying profit "despite
operating conditions for the coming period being uncertain"
    ** Stock last down 5.3% on the day, extending YTD losses to
about 49%

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))