Napier Port Holdings has released its audited financial results for the twelve months ending September 2023.
Despite challenges from Cyclone Gabrielle and the pandemic, the company reported a 3.4% increase in revenue to $118.4 million.
However, the result from operating activities fell 7.1% to $37.2 million due to inflationary cost pressures.
The company's net profit after tax decreased to $10.7 million from $18.6 million in the previous year.
Napier Port expects to see a recovery in trade volumes as the region's cargo owners emerge from the impact of the cyclone and the post-pandemic recovery resumes.
The company has declared a final dividend of 3.55 cents per share.
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