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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.