Booming visitor arrivals has seen Tourism Holdings Limited upgrade its net profit forecast.
The company has revealed to the NZX that it expects to report a net profit of $29.5 million in the year ending June 30, an upgrade on its February guidance of net profit “expected to exceed $27 million”, the NBR reports.
THL chairman Rob Campbell says the upgrade is due to “recent trading results in New Zealand and the US”.
It has set a goal to achieve an annual profit of $50 million by 2020.
