MKTUPDTE: THL: Updated FY20 guidance | 11:01a.m. |
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THL |
14/09/2020 11:01 |
MKTUPDTE |
PRICE SENSITIVE |
REL: 1101 HRS Tourism Holdings Limited |
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| MKTUPDTE: THL: Updated FY20 guidance |
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| 14 September 2020 |
|
| MEDIA | NZX RELEASE |
TOURISM HOLDINGS LIMITED (thl) |
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| UPDATED FY20 GUIDANCE |
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| thl advises that it expects its underlying net profit after tax for the |
financial year ending 30 June 2020 (FY20) will be approximately $20 million. |
This compares to thl's previous guidance range of $17.5 - $19.5 million, as |
released on 25 June 2020. |
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| This underlying result excludes the impact from a number of one-off items, |
including the partial Togo exit undertaken in March 2020 which resulted in a |
one-off gain of $9.3M including tax and foreign exchange benefits, a one-off |
tax benefit of $1.1M in the USA and the write-off of $3.1 million of goodwill |
attributed to Kiwi Experience. thl's FY20 statutory net profit after tax, |
which is inclusive of these one-off items, is expected to be approximately |
$27 million. |
|
| thl's net debt (bank borrowings less cash and cash equivalents) as at 30 June |
2020 was approximately $128 million. This compares to earlier expectations of |
net debt of approximately $133 million, as noted in thl's market release on |
31 July 2020. The variance was primarily attributable to the continued |
outperformance of vehicle sales, particularly in the United States. |
|
| thl will be releasing its financial results for FY20 on Friday, 18 September |
2020. |
|
| ENDS |
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发表于 2020-9-15 11:51:17
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