Logs and cruise bolster earnings for Napier Port

Napier Port saw reduced container volumes over the first half of its 2024 financial year. (Image: Supplied)

Wed, 22 May 2024

Revenue growth from log exports and cruise helped offset reduced container volumes, allowing Napier Port to achieve a "solid" half-year earnings result.The Hawke’s Bay port, which is still contending with the aftereffects of Cyclone Gabrielle, announced its result for the six months to the end of March to the New Zealand stock exchange Wednesday.Revenue was up 10.1% to $70.6 million, compared to $64.1m in the first half of the 2023 financial year. Underlying net profit after tax (NPAT) increased 48.3% to $11.1m, a...

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