THL guidance, future earnings impacted by US
Company is also looking at certain ‘impairments’, the most notable of which is related to goodwill associated with its US business.
The travel operator has an uncertain outlook.
Tourism Holdings says it expects underlying net profit after tax (unpat) to be at the lower range of analysts' expectations, or closer to $27 million than $34.4m for the year to June.
In issuing guidance, chief executive Grant Webster said the result reflected continued near-term earnings pressure
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