THL’s Kiwi Experience is starting to take bookings for its bus tours. Photo / NZME
Campervan rental business Tourism Holdings says it expects to report a smaller loss in the year ending June than had been predicted by some analysts.
The company said its statutory net loss for the 2022 financial year will likely be between $2 million and $4m, while the underlying net loss will be in the range of $4.7m to $6.7m.
A number of one-off items account for the $2m difference in the two numbers, including a $6.2m gain on the sales of Mighway, ShareACamper and Roadpass Digital.
It also includes $5.1m of expected transaction costs related to the proposed merger with Apollo Tourism & Leisure, which is yet to get regulatory approval.
The NZ regulator is expected to make a decision by June 30 and the Australian one by July 21. Both have expressed concern…