Tourism Holdings says it is on track to return to profit this year and will resume paying dividends in the new year.
The listed company, which operates the Maui and Britz campervan rentals as well as the Waitomo Caves tourist attraction, lost more than $27 million in the 2011 year, largely as a result of writing off goodwill.
Chairman, Keith Smith told shareholders at Tuesday's annual meeting the US rentals business is performing better than expected and the company's on track to report a $5.9 million profit this year.
He said the Board believed there would be further earnings momentum in the 2013 year and, consistent with those expectations, the company expected to resume dividend payments from April 2012.
