While revenue for the year to June rose 12%, from $200 million to $225 million, ebit decreased 10%, from $16.3 million to $14.6 million, and after-tax profit fell 16%, to $3.8 million.
Chief executive Grant Webster said the 2013 results were not directly comparable to the previous year, because of a ''number of one-off factors'', including $1.4 million in merger costs from the acquisition of Kea Campers and United Campervans, a $4.5 million ebit contribution from Kea and United, and also that the previous year the company had benefited from an estimated $4.5 million from Rugby World Cup visitors.
THL declared a 2c dividend, bringing the total for the year to 4c. After the announcement yesterday, its shares were up 5% at 63c, albeit on low volumes.
Craigs Investment Partners broker Peter McIntyre said, while the total 4c dividend was a show of confidence from the company's board, investors may remain ''cautious''.
''Investors are going to need more convincing and will be watching closely over the next 12 to 18 months on how well the merger has bedded in,'' he said.
Mr Webster said the merger was now ''fully implemented'' and based on early-season bookings, which represent about 25% of high-season bookings, he expected New Zealand to see double-digit hire growth, while the United States was showing revenue growth.
''Longer term, the reduction in industry capacity in the market should underpin earnings growth in the coming years to achieve acceptable returns,'' he said.
However, conditions were challenging in Australia with its weakening economy, and relatively high dollar, while core European markets were ''still weak'', he said.
THL's annual shareholders' meeting is in November, where a half-year financial forecast will be delivered.
