News | Christchurch
25 May 2024 19:29
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  •   Home > News > National > Christchurch

    A mixed bag in the Lyttelton Port Company's latest interim results

    A mixed bag in the Lyttelton Port Company's latest interim results


    Its operating revenue is up 2.3 percent to 93-million dollars for the six months to January -- although that's still well behind forecasts.

    Net profit after tax for the same period was just over eight-million dollars, down 33-percent on the year prior.

    Chief Executive, Graeme Sumner says it reflects a downturn in market conditions.

    He says that includes drops in imported and transshipped containers, due to lower consumer demand -- and higher operating costs.

    © 2024 Newstalk ZB, NZCity

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