Tourism Holdings Net Profit for half a year has dropped by 36%

Campervan Turism Holdings says the risks and uncertainty have remained for the next six months.
Photo: 123rf

The result of the first half of tourism reflects what was the most difficult period for the recreational industry in decades, with a net profit by 36 %.

While the company’s basic profit for the six months ended in December increased by 23 percent, he said that the risks and uncertainty remained for the second half of the year.

“Although we will lead to the best results, the market factors can delay our recovery until the year 26 and can prevent us from providing the net profit increase in 25 in general,” said the executive Grace THL Webster.

Key numbers for the six months ended in December compared to earlier year:

• Net profit with $ 25.3 million compared to $ 39.7 million with 36 %
• Income $ 458.4 million compared to $ 449.2 million with 23 %
• Underlying profit $ 113.3 million compared to $ 119.7 million with 5 %
• Dividend Provisional 2.5 cents per action compared to 4.5cps down 44 %

“Pleasantly, New Zealand rentals and sales have passed from force to force,” Webster said.

“New Zealand increased rents by 25 % in a period when the growth of the input visitors was only 6 percent. The most notable decline was in our Australian division, mainly due to the challenges in the sales dealers with the detail, which recorded the highest impact from the current cycle.

He said that the uncertainty of vehicle sales made it difficult to provide a profit orientation throughout the year, although it intends to update the market in the fourth quarter, which ends in June.

“We remain confident in the global lease perspective and we continue to strengthen that there are no indicators of a structural change in the demand for RVs on our operating markets,” he said.

“This has combined with our continuous efforts in terms of costs and optimization, efficiency, investments in people and the use of merger benefits, is the basis of our trust in a strong return in future performances.”

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