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Tourism Holdings pays down debt with accounts pummelled by Covid


Tourism Holdings pays down debt with accounts pummelled by Covid
25 Feb, 2021 08:30 PM
4 minutes to read
Aimee Shaw is a business reporter focusing on retail, small businessaimee.shaw@nzherald.co.nz@AceeyShaw
Tourism Holdings has significantly reduced debt after a disastrous year for tourism-related companies but will likely seek further funding as it re-invests in a new vehicle fleet.
The company posted a net loss after tax of $1.77 million for the six months ending December 31 and an underlying net loss of $3m, down from a profit of $13.1m for the same period last year.
Total revenue fell 1 per cent to $205.8m, driven by growth in vehicle sales. But international rental revenue plunged 50 per cent to $64.8m. ....

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