Lyttelton Port resumes dividends after insurance swells first-half profit

Thu, 27 Feb 2014

By Paul McBeth Feb. 28 (BusinessDesk) - Lyttelton Port Co, Christchurch’s ocean trade hub, has resumed dividend payments for the first time since 2010 after reaching a settlement with its insurers over the damage caused by the Canterbury earthquakes, which swelled its first-half profit. The company will pay an interim dividend of 2 cents per share on March 27 with a March 20 record, its first return to shareholders since the 2010 financial year. The port made a net profit of $336.5 million, or $3.291 per share, in the six months ended Dec....

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