Napier Port signals $20m FY profit; volumes steady

Tue, 25 Aug 2020

Napier Port is forecasting an adjusted full-year net profit of $20 million but said the trading environment is too uncertain to settle the size of its final dividend. The company, which cancelled its interim dividend in May, said the full-year forecast reflects some deferred spending and excludes one-off items like the $2 million covid-19 wage subsidy it received from the government. While the region and the firm had weathered the pandemic “reasonably well,” the outlook beyond Sept. 30 remained subject to “considerable uncertainty,” chie...

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