Lyttelton Port boosts FY earnings 40 percent on growing imports for rebuild, more log exports

Wed, 29 Aug 2012

By Paul McBeth Aug. 29 (BusinessDesk) - Lyttelton Port Co, Christchurch's ocean hub, boosted annual earnings 40 percent as it benefitted from a growing volume of imports for the city's rebuild and increasing log exports. Stripping out insurance flows and writedowns associated with Canterbury's spate of earthquakes, profit rose to $17 million in the 12 months ended June 30, from $12.1 million a year earlier, the Lyttelton-based company said in a statement. Revenue climbed 14 percent to $104.5 million and earnings before interest, tax, depreci...

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