South Port first-half profit climbs 19% as fertiliser shipments bolsters cargo flows

Wed, 07 Feb 2018

By Paul McBeth Feb. 7 (BusinessDesk) - South Port New Zealand, which operates the country's southern-most port, lifted first-half profit 19 percent as cargo volumes were bolstered by fertiliser shipments, and it anticipates bigger annual earnings. Net profit rose to $4.9 million, or 18.7 cents per share, in the six months ended Dec. 31, from $4.1 million, or 15.7 cents, a year earlier, the Bluff-based company said in a statement. Revenue rose 13 percent to $17.5 million on a 14 percent increase in total cargo to 1.73 million tonnes. The...

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