Channel Infrastructure (CHI), New Zealand's largest fuel import terminal business based at Marsden Point in Northland, has today provided an update on its FY2023 financial guidance, with revenue expected in the range of $125 million to $128 million, following the 8.4% increase in Producers Price Index announced today.
The company has also contracted additional terminal services revenue, expected to deliver c.$4 million revenue in 2023 and c$25 million over the 5-year contract term, and 2023 EBITDA guidance has been increased from $76 - $84 million to $82 - $86 million.
With the increase in EBITDA expectations for 2023, the indicative dividend range for FY23 has increased from 8 to 11 cents per share to 9 to 11 cents per share.
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