Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Tourism Holdings Limited Profit Forecasts

Tourism Holdings Limited Profit Forecasts

The Tourism Holdings Limited Board of Directors have reviewed the latest profit forecasts to June 2003 based on the latest trading results and forward bookings. The Company now forecasts that a Net Profit After Tax (NPAT) of between $4.5m and $5.5m including unusual items is likely. This compares to $6m to $8m excluding unusual items forecast at the interim results release on the 28th February 2003. Unusual items are expected to be a positive $0.5m after tax for the year.

Since the interim results release there has been the Iraq War and SARS has emerged impacting international travel negatively and significantly reducing air capacity.

Expenditure is being tightly managed during this period, which will leave total debt below $56m at year end compared to $79m last year (excluding cash on hand).

The Board are unable to make a forecast for 2004 at this point in time as the severity and length of the SARS impact on travel patterns is unknown.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Dry: Beef + Lamb Launches Drought Resources

The resources include a fact sheet outlining strategies to manage and mitigate the effects of drought, coping with stress on the farm and advice on feed requirements and animal welfare during the dry period. More>>


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>