NZ-based Tourism Holdings jumps on FY23 forecast upgrade

Tourism Holdings

12/10/2022 02:30

** Shares of Tourism Holdings Ltd  THL.NZ  jump as much as
7.3% to NZ$2.95, set for their best day since Nov 10, 2020, if
gains hold
    ** The global tourism operator expects FY23 net profit after
tax to be above NZ$30 mln ($16.74 mln), higher than its previous
forecast of between NZ$17.0 mln and NZ$30.2 mln
 urn:newsml:reuters.com:*:nGLF4Gc54v urn:newsml:reuters.com:*:nGLF6wzWKl
    ** Says improved outlook is primarily due to performance in
Q1 of FY23 exceeding earlier expectations and greater certainty
on forward rental revenue for upcoming high season in Australia
and New Zealand
    ** Stock hits highest since May 3
    ** More than 279,522 shares change hands vs the 30-day
average volume of 153,053 shares
    ** Tourism Holdings stock down 6.8% this year, as of last
close
    ($1 = 1.7921 New Zealand dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))