Tourism Holdings’ (THL) H116 results (NPAT of NZ$8.2m up 45% on H115, interim dividend NZ$0.09 up 28.5%) and its ~10% lift in forecast FY16 NPAT guidance to ~NZ$24m provide proof of the success of its strategy to right size the fleet, optimise capital employed and position the business to take advantage of the strong tourism market in Australia and NZ. Management’s focus continues to be on optimising capital employed in the business and achieving a long-term average company-wide R
25 Feb 2016
FY16 NPAT guidance up c 10%
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FY16 NPAT guidance up c 10%
Tourism Holdings’ (THL) H116 results (NPAT of NZ$8.2m up 45% on H115, interim dividend NZ$0.09 up 28.5%) and its ~10% lift in forecast FY16 NPAT guidance to ~NZ$24m provide proof of the success of its strategy to right size the fleet, optimise capital employed and position the business to take advantage of the strong tourism market in Australia and NZ. Management’s focus continues to be on optimising capital employed in the business and achieving a long-term average company-wide R