CentrePort doubles half-year profit in increased log, container volumes

Fri, 01 Mar 2019

By Gavin Evans March 1 (BusinessDesk) - CentrePort has more than doubled its underlying half-year profit, boosted by increased log and container volumes and record cruise ship activity. Net profit, excluding earthquake impacts and changes in financial instruments, climbed to $11.95 million in the six months through December from $4.76 million a year earlier. Operating revenue rose 21 percent to $41.3 million. A $5 million increase in operating costs and lower income from business interruption insurance left operating earnings at $6.78...

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