THL records record underlying profit

Highlights of the New Zealand-based company's year include its merger with Apollo.

TOURISM Holdings Limited (THL) has recorded a record underlying profit of $47.8 million, allowing the New Zealand-based company to declare a final dividend of 15 cents per share.

Highlights of the year include THL’s historic merger with Apollo, which the company reported was completed with successful initial integration.

THL said it is positive about its opportunity for growth in the 2024 fiscal year and beyond.

“The result reflects an excellent performance and is evidence that the new THL, following the merger with Apollo, is a larger and stronger entity,” Chair Cathy Quinn said.

“We believe that THL has a positive future and as a board, are focused on supporting the future growth of THL.”

Chief Executive Grant Webster added: “we have been incredibly active as an organisation, not only with the momentum in integrating THL and Apollo, but across all aspects of our business, opening new locations, launching new fleet, and driving forward with our sustainability initiatives, all while managing the return of international tourism and delivering a record result.

“The tourism industry is in a positive position, ready to be a key driver of the economies in New Zealand and Australia in particular over the coming 12 months.”

In recognition of the dedication of THL’s return to profitability with a record result in the 2023 fiscal year, the company is rewarding its crew with a bonus of $1,000 worth of shares net of tax.

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