Campervan company Tourism Holdings is being hit hard by a tough economic climate, according to new reports.

The company's net profit for the six months ended December was $25.3 million compared to $39.7 million in the previous period - a 36 percent decline.

CEO Grant Webster says there's an upside - as New Zealand rentals and sales have gone from 'strength to strength'.

"New Zealand's been our standout performer, and a really big increase, a 20+ percent increase in revenue - and fleet's gone up accordingly and we've had a good summer." 

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Campervan company Tourism Holdings is being hit hard by a tough economic climate, according to new reports.
The company's net profit for the six months ended December was $25.3 million compared to $39.7 million in the previous period - a 36 percent decline.
CEO Grant Webster says there's an upside - as New Zealand rentals and sales have gone from 'strength to strength'.
"New Zealand's been our standout performer, and a really big increase, a 20+ percent increase in revenue - and fleet's gone up accordingly and we've had a good summer."&nbsp;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Grant Webster: Tourism Holdings Limited CEO on the company's half-year profit dropping 36 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/12237d87-64f8-4e9a-b923-b28f00718b8c/transcript