It is with regret that we announce the resignation of the company’s CFO, Craig Brown, with effect from 31st July 2023. Given the operational focus of the company on its UK and Irish businesses, and its accounting resources in that region which now includes a senior financial person, the company will not be replacing its existing New Zealand CFO resource. Craig has provided us with significant support during this transitional period which included our dual listing on the UK Aquis market.
The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.
The CEO says Lyttelton Port does not generate sufficient returns on its capital base.
Falling market share and margins in the broadband market look entrenched.
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