Another update today from Tourism Holdings Ltd to the NZX...

Another update today from Tourism Holdings Ltd to the NZX today:

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/THL/355247/325213.pdf

Key points:

• Renegotiated funding arrangements with banks
• No capital raise required
• Small trading profit expected for six months ended June 2020
• Bank debt reduced In the six months following strong vehicle sales, particularly in the USA.
• No final dividend

All in all reasonably positive given the events of the last five months. Will be interesting to see if ATL is similarly placed when it updates the market.