Wellington's CentrePort posts $35.7 million 1H loss after Kaikoura earthquake

Wed, 01 Mar 2017

By Tina Morrison March 1 (BusinessDesk) - CentrePort, the Wellington port operator, reported a loss in the first half of its financial year due to damage from November's Kaikoura earthquake, which it described as the biggest adverse event in its history. The port company turned to a loss of $35.7 million in the six months ended Dec. 31, from a profit of $4.6 million in the year-earlier period, it said in a statement. The company said revenue had been tracking "strongly ahead" of the year earlier prior to the earthquake but ended the perio...

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