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THL’s interim profit soars 58% after Apollo merger

Tourism Holdings is adjusting its rental and sales strategies to accommodate shifts from domestic to outbound tourism.

Tourism Holdings is aiming for $100m net profit after tax by 2026.

Liam Rātana Wed, 21 Feb 2024
Key points
  • Revenue: Up 72% to $449.2m
  • Profit: Up 58% to $39.7m
  • Key Takeaway: THL’s profit growth, resulting from its merger with Apollo and strategic initiatives, demonstrated adaptability in navigating market volatilities.

Listed tourism and recreational vehicle company Tourism Holdings Limited (THL) reported a 58% increase in net profit after tax for the half year ending December 2023, reaching $39.7 million. The surge was a direct result of its merger with Apollo Tourism and Leisure, which drove rental revenue

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Liam Rātana Wed, 21 Feb 2024
Contact the Writer: liam@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Revenue: Up 72% to $449.2m
  • Profit: Up 58% to $39.7m
  • Key Takeaway: THL’s profit growth, resulting from its merger with Apollo and strategic initiatives, demonstrated adaptability in navigating market volatilities.
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THL’s interim profit soars 58% after Apollo merger
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