Sharechat Logo

South Port's earnings rise

Thursday 3rd July 2008

Text too small?
South Port, which operates the nation's southern-most port at Bluff, said earnings rose last year as the company handled a record tonnage of cargo.

Profit was probably NZ$2.3 million to NZ$2.35 million in the 12 months ended June 30, up from NZ$2.23 million a year earlier. The company had previously forecast profit would drop 5% to 10%.

South Port had stronger-than-forecast bulk and containerized cargo activity in May and June, reflecting an increase for fertilizer, forestry and dairy, and start of the weekly MSC Capricorn container service, said chairman John Harrington, in a statement.

Annual cargo tonnage rose to a record 2.25 million tones from 2.16 million tones a year earlier, which was the port's previous record.

By Jonathan Underhill

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

South Port posts record profit even as smelter cuts production
South Port New Zealand
Southport increases profit but forecasts profit drop
South Port beats own profit estimate