23 Feb 2012

Tourism Holdings back in profit

7:19 pm on 23 February 2012

The Rugby World Cup helped to push Tourism Holdings back into profit.

The caravan manufacturer and rental operator, which made a loss of $1.3 million last year, has posted a profit of $4.2 million for the six months ending December.

Operating revenue rose 37% to $108 million.

Chief executive Grant Webster says the Rugby World Cup boosted rental revenues by $4.2 million.

He says Tourism Holdings expects a full year profit of between $5 - $6 million, compared to last year's loss of more than $27 million dollars.

It also announced a dividend of 2 cents per share.

Earlier this week, the company announced a partnership with Kea Manufacturing to create RV Manufacturing Group, which will buy the motorhome and caravan manufacturing businesses of the two companies.