Tourism Holdings Limited announced consolidated unaudited earnings results for the six months ended December 31, 2017. For the period, the company reported sales of services of $135,988,000 against $96,805,000 a year ago. Sales of goods was $73,078,000 against $49,160,000 a year ago. Total revenue was $209,066,000 against $145,965,000 a year ago. Operating profit before financing costs was $33,347,000 against $18,737,000 a year ago. Profit before tax was $29,880,000 against $17,707,000 a year ago. Profit for the period was $22,782,000 or 18.1 cents per diluted share against $11,270,000 or 9.4 cents per diluted share a year ago. Net cash flows from operating activities was $9,377,000 against net cash flows used in operating activities $857,000 a year ago. Purchase of property, plant and equipment was $2,004,000 against $4,094,000 a year ago. Purchase of intangibles was $459,000 against $1,243,000 a year ago. Net debt at December 31, 2017 was $178 million, compared
to $103 million in the pcp.

The company provided earnings guidance for the full year of fiscal 2018. The company expects NPAT result for the full year of between $55 million and $59 million, including the non-recurring items, and $36 million and $40 million excluding them. Capital expenditure has been largely as planned, with a similar mix of flex fleet and core fleet investments over the period. The target net capital spend for the year is forecast at around $37 million.