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NZ Tourism Holdings Sees H1 Loss

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New Zealand campervan and tourist attraction operator Tourism Holdings said on Wednesday that it expects to post a net loss of between NZD$500,000 and NZD$1 million (USD$410,000 to USD$820,000) for the six months to December 31.

That compares with a net profit last year of NZD$4.2 million.

The company said the expected loss was because last year's result reflected increased sales during the Rugby World Cup.

It said the interim result would also show costs of the merger of its rentals business in New Zealand.

(Reuters)