Tourism Holdings Limited Faces Profit Decline Amid RV Sales Challenges

Tourism Holdings Limited ( (AU:THL) ) has shared an update.

Tourism Holdings Limited reported a 33% decline in underlying net profit after tax to $26.5 million for the six months ending December 2024, attributed to ongoing challenges in RV sales. Despite this, the company saw an 8% increase in rental revenue and an 11% growth in its rental fleet, driven by a recovery in international tourism. The company is actively pursuing cost reduction and optimization initiatives, aiming for a $12 million NPAT benefit by FY27, and has made significant investments in digital platforms and new properties to strengthen its market position.

More about Tourism Holdings Limited

Tourism Holdings Limited (thl) operates in the tourism industry, primarily focusing on rental and sales of recreational vehicles (RVs). The company has a significant presence in New Zealand, Australia, and Canada, with a market focus on international tourism and vehicle rentals.

YTD Price Performance: -10.90%

Average Trading Volume: 15,795

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$369.6M

For an in-depth examination of THL stock, go to TipRanks’ Stock Analysis page.