Shares in Tourism Holdings have risen 1 cent to 59 cents, despite reporting weaker than expected profits.
The caravan and rental operator made $4.3 million in the year to June, compared with a loss of more than $27 million dollars in the previous year when it wrote down goodwill.
In February, Tourism Holdings forecast a full year profit of between $5 million and $6 million.
Chief executive Grant Webster said the economic environment is taking its toll on domestic operations.
"Traditional European/UK customers are still core to us," he said. "The exchange rates mean we need to be more price-competitive and more conscious of price".
Total revenue across its businesses in New Zealand, Australian and the United States rose 8% to $200 million.
The company will pay a dividend of two cents per share.