KEY POINTS:
Tourism Holdings today said it expected a net profit after tax (NPAT) of $17.5 million to $18.5 million in its June year.
This was in line with the company's earlier predictions.
In February the company, which runs New Zealand's largest campervan fleet, forecast NPAT in a $15-18m range.
The improvement in earnings expectations reflected positive trading conditions and performance through the summer, and in particular stronger performance from the attractions businesses within THL's Tourism Leisure Group, the company said.
One-off non-trading costs were forecast to be well in excess of the $1.5m after tax as previously indicated, due to a variety of factors, including additional costs around the relocation of its CI Munro unit and timing of initiatives as part of a restructuring.
THL shares closed on Tuesday at $2.10 and have traded between $1.55 and $2.32 in the last year.
- NZPA
