Port of Napier FY profit rises 14% to record as more cargo crosses wharves

Mon, 15 Dec 2014

By Jonathan Underhill Dec. 15 (BusinessDesk) - Port of Napier posted a 14 percent gain in annual profit to a record after increasing container and bulk cargo volumes, allowing New Zealand's fourth-largest container port to increase dividends to its Hawke's Bay Regional Council owner. Profit rose to $13.4 million in the 12 months ended Sept. 30, from $11.8 million a year earlier, according to the company's annual report. Sales rose 8 percent to $67 million. The port company is positioning itself as a hub for shipping in anticipation of...

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