Lyttelton Port Company reports jump in six-figure earners amid cost-cutting drive

Lyttelton Port Company reports jump in six-figure earners amid cost-cutting drive
Lyttelton Port Company has to boost earnings to justify further investment, chair says. (Image: LPC)
Oliver Lewis
Despite its efforts to rein in costs, the number of employees earning more than $100,000 at Lyttelton Port Company has increased significantly over the past year, at a time when the port delivered reduced profits.The South Island port, the third largest in the country, released its annual report for the year ending June 30, 2024, last week.LPC reported net profit after tax (npat) of $9.9 million for the period, but this included a deferred tax expense relating to the removal of depreciation on commercial buildings. Excluding this, the port repo...

More Infrastructure

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees
Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees

The port says it's working with KiwiRail on 'long-term arrangements'. 

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades
Policy

‘Bluewater backbone’: Lyttelton, Auckland ports plan $1b+ of upgrades

Two of the biggest NZ ports are raising prices as they plan major investments.

Oliver Lewis 02 Jul 2025
Cost of Ōtaki to north of Levin highway nears $2b
Infrastructure

Cost of Ōtaki to north of Levin highway nears $2b

In 2020, the lower North Island expressway was costed at just $817m.

Oliver Lewis 01 Jul 2025
'There are some firms in NZ I won’t touch'
Policy

'There are some firms in NZ I won’t touch'

Adam Feeley on the reluctance to call out poor performers in NZ infrastructure sector.

Oliver Lewis 30 Jun 2025