Lyttelton Port sees FY profit rising up to 6 percent, still at odds with insurers over redevelopment plan

Fri, 08 Nov 2013

By Paul McBeth Nov. 8 (BusinessDesk) - Lyttelton Port Co, Christchurch’s ocean trade hub, is forecasting annual profit to rise by as much as 6 percent in the current financial year, though it is still at loggerheads with its insurers over the cost of its redevelopment plan. The Christchurch-based company expects earthquake adjusted profit of between $15 million and $16 million in the 12 months ending June 30, 2014, compared to earnings of $15.1 million in the year just been. Chairman Trevor Burt told shareholders at today’s annual meeting...

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