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- Release Date: 28/11/12 10:30
- Summary: FORECAST: THL: Tourism Holdings Ltd Update on 6 month forecast to Dec 2012
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THL
28/11/2012 08:30
FORECAST
REL: 0830 HRS Tourism Holdings Limited
FORECAST: THL: Tourism Holdings Ltd Update on 6 month forecast to Dec 2012
27 November 2012
NZX ANNOUNCEMENT
FOR IMMEDIATE RELEASE
TOURISM HOLDINGS ANNUAL MEETING 27 NOVEMBER 2012
Update on 6 month results forecast
At today's annual meeting a shareholder requested additional information on
the forecast trading result for thl for the 6 months to December 2012. This
update provides the additional numerical breakdown that was provided at the
annual meeting.
thl has released a forecast for the 6 months to December 2012 for an Earnings
Before Interest and Taxation (EBIT) range of $4.2m to $5.0m and a Net After
Tax Loss in the range of $(1.0)m to $(0.5)m (note the presentation
incorrectly showed $(5.0)m rather than $(0.5)m). This is down on the prior
corresponding periods EBIT of $11.5m and NPAT of $4.2m.
The reduction in EBIT (and hence NPAT) consists of the impact of the Rugby
World Cup on last period's rentals New Zealand result which is estimated at
$4.5m. In addition in this period's results is included $1.3m of costs
associated with the merger of the NZ rentals business with Kea Campers and
United Campervans. Other impacts were the change in accounting treatment for
fleet rebates in our USA operation from point of purchase to point of sale
which reduced EBIT by circa $1.2m. There are other gains and losses that net
out to a small positive which overall leaves a forecast EBIT of $4.2m to
$5.0m as released.
Announcement authorised by:
Ian Lewington
Chief Financial Officer
For further information contact:
Grant Webster Chief Executive
DDI: +64 9 336 4255
Mobile: +64 21 449 210
Ian Lewington Chief Financial Officer
DDI: +64 9 336 4212
Mobile: +64 21 952 254
End CA:00230300 For:THL Type:FORECAST Time:2012-11-28 08:30:15
