Tourism Holdings declares full-year profit post relaxation of travel restrictions

 Tuesday, August 29, 2023 


Tourism Holdings (thl), a Campervan company has declared a full-year profit, mirroring the tourism resurgence observed in last week’s results from Auckland Airport and Air New Zealand following the relaxation of travel restrictions.

According to CEO Grant Webster, the findings came after the firm combined with Apollo in November of last year.

“We have been incredibly active as an organisation, not only with the momentum in integrating thl and Apollo, but across all aspects of our business, opening new locations, launching new fleet, and driving forward with our sustainability initiatives, all while managing the return of international tourism and delivering a record result,” he said.

“The tourism industry is in a positive position, ready to be a key driver of the economies in New Zealand and Australia in particular over the coming 12 months.”

These are the key numbers for the 12 months ended June compared to a year ago:

• Net profit $49.9m vs net loss $2.1m
• Revenue $663.8m vs $345.8m
• Final dividend 15 cents a share vs no dividend

Around 1800 employees were being rewarded with a bonus of $1000 worth of thl shares net of tax, or a cash equivalent for qualified employees outside of Australasia.

“I am hugely proud of the efforts of our crew over what was the most challenging period in our company’s history,” he said.

“The results that we are now achieving are a real testament to all our thl crew globally (old and new), who come to work every day with an immense passion for creating unforgettable journeys.”

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