New Zealand's Tourism Holdings posted a small half-year loss on Thursday, as it was hit by fewer foreign tourists and a high exchange rate, and said it expected reduced full-year earnings.
The campervan rental operator and tourist site operator posted a loss of NZD$500,000 (USD$413,000) in the six months to December 31, compared with a profit of NZD$4.2 million a year ago.
The result was at the bottom of the guidance range given last November, as the extra demand from the Rugby World Cup disappeared, and the company had costs of merging two of its businesses.
It said it expected full-year earnings before financing costs of NZD$14 million to NZD$16 million, down from the previous NZD$19 million guidance because of a more difficult Australian market.
The company declared an unchanged dividend of 2 cents per share.
Tourism Holdings runs campervan rental fleets in New Zealand, Australia and the United States, the Waitomo Caves tourist site, and budget bus line NZ Experience.