South Port posts record annual profit as stock food, logs drive cargo

Wed, 20 Aug 2014

By Paul McBeth Aug. 20 (BusinessDesk) - South Port New Zealand, the Bluff port operator, lifted annual profit 2.7 percent to a record as increased volumes of stock food and logs drove cargo growth. Net profit rose to $6.68 million, or 25.5 cents per share, in the 12 months ended June 30 from $6.5 million, or 24.8 cents a year earlier, the Bluff-based company said in a statement. Trading revenue rose 6.7 percent to $31.3 million on a record 2.72 million tonnes of cargo going through the port. Imported stock food volume was twice the 2013 l...

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