South Port NZ first-half profit jumps, unexpected lift in tonnage

Thu, 11 Feb 2016

By Edwin Mitson Feb. 11 (BusinessDesk) - New Zealand's southern-most deep water port, South Port New Zealand, saw profits increase by 54 percent in the six months to the end of December 2015 to $5.06 million, despite worries about the global economy. The port, which is based at Bluff, warned investors that the results were influenced by the scheduling of annual maintenance, with a much higher proportion of the work due to fall in the second half of its financial year. Full-year earnings are expected to be in the range of $8.25 to $8.75 m...

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