South Port annual profit slips 3%, beating guidance as freight volumes match 2016 record

Thu, 24 Aug 2017

By Paul McBeth Aug. 24 (BusinessDesk) - South Port New Zealand posted a 3 percent decline in annual profit, beating guidance, as the Bluff maritime hub operator matched record freight volumes set a year earlier. Net profit fell to $8.4 million, or 32.2 cents per share, in the 12 months ended June 30, from $8.7 million, or 33.2 cents, a year earlier, the Bluff-based company said in a statement. Revenue increased 0.4 percent to $36.9 million as the hub repeated its 2016 record freight volume of 3.05 million tonnes handled and boosted conta...

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