Tourism Holdings has reported a 21% decline in its statutory net profit after tax for the 2024 financial year, due to a $12.4 million impairment of goodwill.
However, the company's underlying net profit after tax of $51.8m was within the guidance range.
Tourism Holdings achieved record earnings before interest and tax (EBIT) results from its New Zealand rentals and sales, action manufacturing, and New Zealand tourism divisions.
The company also announced a final dividend of 5 cents per share.
While it expects an increase in underlying net profit after tax in the coming year, Tourism Holdings said the prevailing economic conditions make it unrealistic to achieve its $100m goal by 2026.
The company's rental fleet continued to grow, reaching 7,921 vehicles, a 10% increase.
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