Tourism Holdings is feeling the benefit of higher tourist numbers. New Zealand’s booming tourism market and offshore acquisitions by Tourism Holdings has buoyed its half-year result, its more than $11million profit up almost 40% on a year ago. On the back of the strong result, Tourism Holdings yesterday restated its aim to deliver an after-tax profit of $50million on full-year 2020, and maintained its full-year 2017 profit guidance of $27.5million. Tourism Holdings shares were up slightly at $3.90 following the announcement. Craigs Investment Partners broker Peter McIntyre said it was a "strong result from Tourism Holdings, again", and both its New Zealand van rentals and tourism ventures were "particularly strong".

Source: Otago Daily Times February 21, 2017 17:08 UTC