Napier Port boosts dividend, pays $2,779 bonus to workers

Napier Port boosts dividend, pays $2,779 bonus to workers
New 6 Wharf ahead of time and cheaper than expected. (Image: supplied)
Brent Melville
NZX-listed Napier Port will pay out a 4.7 cent final dividend next month, bringing total dividends for the year to 7.5c, after posting a 5.2% improvement in net profit after tax to $23.2 million for the year to September 30.The performance will also see the port’s 320 employees, most of whom became shareholders following its initial public offer in 2019, receive a cash and share incentive of $2,779.The positive results were driven by record log exports which hit more than 3 million tonnes for the year, helping push bulk cargo volumes by 2...

More Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down
Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down

He won't go until the annual meeting in September, however.

Riley Kennedy 02 May 2024
John Penno quits Synlait board as George Adams elected chair
Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 01 May 2024
NZ startup Jooules is turning CO2 into protein
Primary Sector

NZ startup Jooules is turning CO2 into protein

Jooules’ fermentation tech aims to mitigate world hunger and climate change.

Ben Moore 01 May 2024