NZ-based Tourism Holdings hits over 3-yr high on updated FY23 guidance

Tourism Holdings

14/02/2023 23:28

** Shares of New Zealand's Tourism Holdings Ltd  THL.NZ 
rise as much as 5.6% to NZ$4.170, hitting highest since Oct. 17,
2019
    ** Stock eyes best day since Oct. 26, 2022  
    ** The global tourism operator expects underlying NPAT for
FY23 to be above NZ$75 mln ($47.51 mln), compared with the
previous guidance of NZ$30 mln 
    ** Says excluding co's profit for period before completion
of merger with Apollo group, co's expected underlying NPAT for
FY23 is above NZ$48 mln 
    ** Adds improved guidance reflects the strong trading of the
business in the first half and a positive outlook for the
remainder of FY23   
    ** Stock has risen 14.2% this year, as of last close
($1 = 1.5788 New Zealand dollars)
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))