The net profit for the year ended June fell to $193.9 million compared with $523.5m in the previous year, which included significant property value gains.
However, underlying earnings fell by nearly a third to $188.5m, as operations were severely curtailed from March when border restrictions were put into place and domestic travel all but dried up during the lockdown.
Chief executive Adrian Littlewood said the company had faced some of its most challenging conditions, which were set to continue for some time.
