NZ's Tourism Holdings hits over 2-month low on weaker FY24 forecast

Tourism Holdings

19/02/2024 23:14

** Shares of Tourism Holdings  THL.NZ  fall as much as 3.1%
to NZ$3.460, hitting its worst level since Dec. 15
    ** Tourism co posts HY NPAT of NZ$39.7 million ($24.41
million)
    ** Forecasts FY24 NPAT to be around NZ$75 million, adds NPAT
expectations are slightly lower than earlier ambitions for year
    ** Co sees FY24 as a transitional year
    ** Stock on track for its worst day since Feb. 2 - if
current trends hold
    ** Stock has fallen over 7% this year, as of last close

($1 = 1.6265 New Zealand dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru; Editing by Lisa
Shumaker)
 ((Rajasik.Mukherjee@thomsonreuters.com;))