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Export recovery pushes growth at South Port

By Phil Boeyen, ShareChat Business News Editor

Friday 4th August 2000

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Increasing forestry exports have helped lift cargo volumes at listed port company, South Port.

The company has announced a 10% rise in the amount of cargo it handled for the year to the end of June compared with the previous year.

More forestry exports take most of the credit for the growth, mainly in logs, sawn timber, MDF and veneer.

On the import side growth came from increased volumes of fertiliser products and raw materials destined for the aluminium smelter.

South Port CEO, Mark O'Connor, says the company is gaining the full benefit of the export led economic recovery with cargo volumes now at record levels, and he says the growth trend should continue.

The company will announce its full year financial results on September 8th.

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