NZ's Tourism Holdings Profit Jumps
New Zealand tourism company Tourism Holdings reported a 192 percent rise in annual profit on Tuesday, as sales improved and debt costs fell.
The company reported a net profit of NZD$11.1 million (USD$9.26 million) for the 12 months to June 30 compared with the previous year's NZD$3.8 million.
Tourism Holdings, which operates campervan rental fleets in New Zealand, Australia, and the United States, and makes motorhomes, declared a dividend of 6 cents a share compared with last year's 2 cents.
It said it expected a net profit of at least NZD$15 million in the coming year.