South Port New Zealand has reported a significant increase in bulk cargo volumes, leading to improved financial performance in the first half of the 2025 financial year.
The port's operating revenue from port services reached $29.57 million, up from $25.48m in the same period last year.
Net profit before income tax also doubled to $8.1m, while net profit after tax increased to $5.76m from $3.03m.
The increase in cargo volumes was attributed to higher imports of agricultural inputs, as well as a recovery in forestry sector exports.
However, cargo activity related to the New Zealand Aluminium Smelter was negatively affected due to the temporary closure of a potline.
South Port's directors declared a fully imputed interim dividend of 7.5 cents per share.
The company expects its full-year earnings to be above the previous range of $9.3m to $10.3m.
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