CentrePort lifts first-half profit 48%; develops Wairarapa rail hub for logs

Mon, 22 Feb 2016

By Tina Morrison Feb. 23 (BusinessDesk) - CentrePort, Wellington's port operator, lifted first-half profit 48 percent as it took a smaller hit on the value of its financial instruments compared with the year earlier period. Profit from continuing operations increased to $4.6 million in the six months ended Dec. 31, from $3.1 million the year earlier, the Wellington-based company said in a statement. The company wrote down the value of its financial instruments held for hedging purposes by $693,000, compared with a $3.2 million reduction i...

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