CentrePort profit down, settles EQ claims

Staff reporters
Wed, 16 Sep 2020

Wellington's CentrePort reported an operating loss of $2.6 million in the June 2020 year as the pandemic sapped trading volumes, compared to an operating profit of $4.9 million a year earlier. After factoring in insurance proceeds from earthquake claims of $172.5 million, profit from continuing operations was $158.3 million, more than twice the $72.9 million in 2019. The port increased its dividend to Greater Wellington, paying $5 million, up from $4 million last year.Chair Lachie Johnston said a highlight of the year was finalising th...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets
MARKET CLOSE: Kiwi falls on economic concern
Dan Brunskill | Thu, 24 Sep 2020

The kiwi dollar sank to its lowest level since late August as the safe-haven US currency continued to attract buying amid a sustained equity sell-off due to fears of recession.  

Policy
ELECTION 2020: Scared or excited about a Labour-Green govt?
Paul McBeth | Thu, 24 Sep 2020

Finance professionals have grown comfortable with Grant Robertson over the past three years. Will a new governing arrangement change that?

Law & Regulation
The FMA is running out of patience
Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

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.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.

Loading...