Napier Port reinstates full-year guidance

An aerial view of Napier Port. (Image: Napier Port)

Thu, 20 Jul 2023

Napier Port reinstated its full-year guidance after pulling it earlier this year, but has lower expectations due to the impact of Cyclone Gabrielle.The port now expects its full-year underlying result from operating activities to be $34.5-$36.5 million.In December, it forecast a range of $42m and $48m.In February, parts of Hawke’s Bay were devastated by the extreme weather event that ripped across the upper North Island.It withdrew the guidance in March due to the impact of the cyclone but said that before the storm, it was tracking...

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