Infrastructure

Napier Port beats FY forecast; monitoring log export outlook

Gavin Evans
Tue, 19 Nov 2019

Full-year earnings at Napier Port Holdings beat the company’s prospectus forecast by 3.2 percent on record log volumes and as higher than projected refrigerated cargo volumes boosted container volumes and average revenue. The firm, which listed its shares in August, reported net profit of $6.8 million for the year ended Sept. 30, up from the $5.6 million forecast, but down from $17.6 million a year earlier when the port was wholly-owned by Hawke’s Bay Regional Council. Excluding $6.4 million of costs from the share offer and other listing...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Infrastructure

Power market trading rules 'unsatisfactory' - review

Gavin Evans | Mon, 21 Sep 2020

Spot electricity market trading conduct rules are flawed, legal experts say.

Retail

Why Turners kicked vendor off car yards

Victoria Young | Mon, 21 Sep 2020

Former owner's behaviour "random and unhelpful," court told in Turner's car yard battle.

Markets

The index effect: How being a top company tops up shares

Andy Fyers | Mon, 21 Sep 2020

It's a phenomenon in stock markets where a company sees its share price rise simply by being included in an index. Was Serko the latest benefactor?

Partner Content

The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.