CentrePort profit down, settles EQ claims

Staff reporters
Wed, 16 Sep 2020

Wellington's CentrePort reported an operating loss of $2.6 million in the June 2020 year as the pandemic sapped trading volumes, compared to an operating profit of $4.9 million a year earlier. After factoring in insurance proceeds from earthquake claims of $172.5 million, profit from continuing operations was $158.3 million, more than twice the $72.9 million in 2019. The port increased its dividend to Greater Wellington, paying $5 million, up from $4 million last year.Chair Lachie Johnston said a highlight of the year was finalising th...

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