Tourism Holdings says market conditions are the best in seven years.
The Auckland-based company is forecasting a 175 per cent leap in full-year profit after reporting a $2.5 million interim profit, turning around a $446,000 loss a year before.
The company is forecasting a $10.5 million profit for the full year.
It will pay an interim dividend of 5c a share for the six months to December 31, up from 2c in the same period last year.
Shares in Tourism Holdings surged 13.33 per cent to close at $1.19 yesterday. Six months ago they were trading at 58c. Earnings before interest and tax rose 36 per cent to $7.2 million in the six months ended December 31, from $5.3 million a year earlier, the company said. Sales climbed 3.5 per cent to $112.3 million.