Holdings Limited (THL) has reported a $14.3 million after taxes for its full-year results, a $34.3m decrease in 2020, a report said.
The year until June 30, saw operatingfall by 10% to $359.2m. This was due to COVID-19’s impact on international .
Thesaw record and volumes of , as well as an increase in the average margin across , and USA operations.
New Zealand’srentals and industry were subject to ongoing COVID-19 issues, resulting in a loss of approximately 90% of their normal . The local operations generated $132m in rental and .
The USA operations of theperformed well, with $147.1m in from rentals and . THL claims that the was able to benefit from looser restrictions in America.
Australian businesses generated $65.5m in rental and. THL states that performed well in during open domestic , but was negatively affected by multiple lockdowns.
According to the, it will continue to invest in domestic opportunities in order to reduce its dependence on international and to build greater resilience.
This includes the possibility of organicopportunities that complement Action’s core commercial elements.
It is also planning to open anSuper Centre in as a one-stop shop for all things -related. This will allow for in retail , service, and repair.
It intends to increaseby offering a wider range of “direct-to-yard” as well as updating its fleet design to meet customer needs.
Theis also looking at alternative rental income such as event accommodation or emergency response.