THL
02/07/2014 08:35
FORECAST
REL: 0835 HRS Tourism Holdings Limited
FORECAST: THL: THL - Market Update
2 July 2014
NZX Market Release
Tourism Holdings Limited (THL)
Market Update
With the financial year at an end, thl can advise that based on a review of
the non-audited FY14 financial results, thl's Net Profit After Tax will meet
or exceed the forecast which was released to the market in February 2014.
Net Debt will be below $90M compared with the $95M forecast in February.
Early forecasts are being completed for the FY15 year and will be discussed
in more detail with the Annual Results announcement on August 26th, 2014.
At this point in time we are confident of achieving further growth in FY15
and delivering the key objectives set at the 2013 Annual Meeting. Those
objectives included achieving an appropriate rate of return on funds employed
in the Australian and New Zealand rentals businesses.
No further indications or details can be provided at this point in time until
the full accounts are completed and audited.
Authorised by:
Rob Campbell
Chairman
Tourism Holdings Limited
For further information contact:
Grant Webster
thl Chief Executive
Direct Dial: +64 9 336 4255 | Mobile: +64 21 449 210
Mark Davis
thl Chief Financial Officer
Direct Dial: +64 9 336 4212 | Mobile: +64 27 444 0199
End CA:00252341 For:THL Type:FORECAST Time:2014-07-02 08:35:50
