Australasia's largest holiday vehicle rental business, Tourism Holdings, is on course to beat its annual profit guidance.
The Auckland-based company expects to "meet or exceed" its February forecast for profit to rise to $NZ10.5 million ($A9.78 million) in the year ended June 30, from $NZ3.8 million a year earlier, it said in a statement on Wednesday.
Its earnings will be released August 26, when it expects to detail forecasts for the coming financial year, it said.
The company expects to achieve further growth in its 2015 financial year.
Tourism Holdings has been lowering its debt since it bought rivals United Campervans and KEA Campers to reduce overall fleet numbers and boost profitability in 2012.
Net debt in the year just ended is expected to fall to $NZ90 million, lower than its February forecast of $NZ95 million and down from $NZ97 million in December, the company said.
The company's shares last traded at $NZ1.12 and have gained 19 per cent so far in 2014.
