Lyttelton Port pays bigger dividend to council owners on return to profit

Tue, 26 Sep 2017

By Paul McBeth Sept. 27 (BusinessDesk) - Lyttelton Port Co almost doubled its annual return to Christchurch City Holdings as growing freight demands across Canterbury helped boost cargo volumes through the South Island's major maritime hub. The council-owned port operator declared dividends of $8 million for the 2017 financial year, which it pays to Christchurch City Council's investment arm, up from $4.2 million a year earlier and ahead of the $2 million flagged in its annual statement of intent. The company reported a net profit of $14...

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