Tourism Holdings profit up 17% amid restructuring and strong rental demand globally.

Tourism Holdings reported a 17% rise in first-half net profit to $29.6 million, driven by strong rental revenue growth, with total revenue up 4% to $477.3 million. The company is restructuring, selling its UK & Ireland operations and closing its Brisbane factory, while reducing North American costs. Despite a weak U.S. market, global forward rental bookings are up over 15%, with strong growth in New Zealand, Australia, and Canada. Full-year profit is projected at $43–47 million, net debt expected below $400 million, and fleet expansion continues with $210 million in capital spending planned.