THL Reports Solid FY24 Results Amid Challenges

Tourism Holdings Limited (AU:THL) has released an update.

Tourism Holdings Limited (THL) reported an underlying net profit after tax of $51.8M for FY24, with record EBIT results from several divisions, despite a $12.4M impairment in its UK/Ireland operations. The company declared a final FY24 dividend of 5 cents per share, culminating in a 9.5 cents total dividend for the year. Looking ahead, THL expects an increase in underlying NPAT for FY25 but has acknowledged the unlikelihood of reaching its $100M net profit goal by FY26 due to challenging economic conditions.

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