South Port posts another record profit, raises dividend

Thu, 18 Aug 2016

By Paul McBeth Aug. 18 (BusinessDesk) - South Port New Zealand posted another record annual profit as extra dairy storage helped drive the volume of exports through the maritime hub in Bluff, with a bigger dividend declared. Net profit rose to $8.7 million, or 33.2 cents per share, in the 12 months ended June 30, from $7.7 million, or 29.5 cents, a year earlier, the company said in a statement. Revenue rose 6.7 percent to $36.9 million with a 7 percent increase in bulk cargo to 187,000 tonnes, with gains in shipments of logs and woodchip...

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