Greater profits for Tourism Holdings
New Zealand based RV rental company Tourism Holdings says annual profit will be about 10 per cent higher from new tax legislation passed in the US which will see tax cuts and a new deduction on business income. The company expects profits to be up to USD3m.
In August, the company reported a 24 per cent gain in annual net profit to NZD30.2m. At the time it projected 2018 profit to be between NZD36m and NZD39m.
The company's shares have gained around 49 per cent in 2017.