Napier Port logs positive results, but no cruise ships coming

Napier Port's net profit after tax is roughly unchanged at $18.4m. (Image: Supplied)

Wed, 25 Aug 2021

Napier Port will maintain its April guidance for the year to Sept 30, expecting operating earnings of between $39 million to $42m despite the impacts of covid, but has written off any hopes of seeing cruise ships for the upcoming season.Operating earnings for the listed port company were up 9.8% to $34.1m for the nine months to June 30, on an 8.4% increase in overall revenue to $83m. That compares to $76.6m for the comparable nine months a year earlier.That was largely on the strength of bulk cargo revenues which surged by two-thirds, or $4.3m...

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