Tourism Holdings Limited (AU:THL) has released an update.
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Tourism Holdings Limited has adjusted its forecast for FY24 net profit after tax (NPAT) to be between $50M and $53M, down from the previously projected $75M, due to a weakening economy affecting vehicle sales and rental performance. The company remains committed to a $100M NPAT target for FY26, although FY25 projections are now reduced below FY23’s performance. They are also considering covenant amendments with their banking syndicate to match current trading conditions and expect a potential impairment in the UK/Ireland division.
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