, Tourism Holdings Lowers FY2020 Capital Expenditure In The USA Business By About US Mln, WorldNews | Travel Wire News

Tourism Holdings Lowers FY2020 Capital Expenditure In The USA Business By About US$40 Mln

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Tourism Holdings Lowers FY2020 Capital Expenditure In The USA Business By About US$40 Mln

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May 27 (Reuters) – Tourism Holdings Ltd ::TARGETING A REDUCTION IN FUNDS EMPLOYED IN THE USA BUSINESS OF ABOUT US$20M BY THE END OF FY2020.EXPECT USA BUSINESS TO GENERATE POSITIVE OPERATING CASH FLOW IN FY2020 OF ABOUT US$35M.FY2020 CAPITAL EXPENDITURE IN THE USA BUSINESS HAS BEEN LOWERED BY ABOUT US$40 MLN .REAFFIRM INTENTION TO DECLARE A FY2019 FINAL DIVIDEND OF 14 CPS.EXPECTS CO’S NET DEBT AT THE END OF FY2019 TO BE ABOUT NZ$240M.REAFFIRM FY2019 NET PROFIT AFTER TAX GUIDANCE OF BETWEEN NZ$25 MLN – NZ$28 MLN.