South Port New Zealand Ltd has reported a steady start to the financial year, with total bulk cargo volumes in line with expectations and container volumes negatively impacted.

Its NPAT for the first six months of FY2022 was $5.9 million, a 3.3% decrease in profitability (FY2021 $6.1 million).

Cargo activity, containers and warehousing operations all saw variations from the prior year interim report.

South Port estimates that its full year earnings should fall in the range of $9.70 million to $10.00 million (FY2021 $10.71 million).

An interim dividend of 7.50 cents per share for the half year ending 31 December 2021 was paid today.

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