NZ's Tourism Holdings logs best day in over 3 yrs on swinging to FY profit

Tourism Holdings

29/08/2023 05:51

** Shares of Tourism Holdings Ltd  THL.NZ  close 13.5%
higher at NZ$3.94, logging their best day since April 17, 2020
    ** Stock closes at its highest level since May 08, 2023
    ** Tourism operator posts FY statutory net profit after tax
of NZ$49.9 mln ($29.56 mln) vs NZ$2.1 mln loss a year ago 
    ** Co proposes final dividend of 15 New Zealand cents per
share 
    ** Says co is positive about opportunity for growth in FY24
and beyond 
    ** Shares are up 13.6% YTD 
   


($1 = 1.6880 New Zealand dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))