Lyttelton Port annual earnings near bottom of guidance, dividends return in 2014

Thu, 29 Aug 2013

Aug. 29 (BusinessDesk) - Lyttelton Port Co, Christchurch’s ocean-going trade hub, reported annual earthquake adjusted earnings near the bottom of its May forecast and down 5.3 percent from a year earlier. The result reflected the port company moving beyond the business interruption indemnity period of its insurance contracts, but it expects to resume dividend payments next year as it recovers from the 2011 quakes that devastated the port along with much of Christchurch and nearby Canterbury towns. Adjusted profit fell to $15.1 million in the...

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