Lyttlelton Port in calmer waters after tumultuous times

The port's net profit after tax was unchanged from 2022. (Image: NZME)

Fri, 29 Sep 2023

Lyttlelton Port Company (LPC) has reported a steady financial year as it was weathering stormy weather in its operations and governance.Net profit after tax (NPAT) for the year to June 30 2023 was almost unchanged from 2022 at $19 million compared with $18.9m the year before. Year-on-year revenue grew by just over 12% to $181.7m.The port recorded its second largest number of twenty-foot equivalent units (TEUs) in the 2023 year, but down 9.3% on 2022. LPC chair Barry Bragg said that decline was due to several factors including international...

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