News | Lower North Island
2 Jul 2022 11:47
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  •   Home > News > National > Lower North Island

    Napier Port's underlying profit is down 32.1 percent in the first half of the financial year

    Napier Port's underlying profit is down 32.1 percent in the first half of the financial year


    It fell from more than 10-million-dollars, to 7.2-million-dollars... in the six months to March 31.

    The net profit fell 15 percent to nine-million-dollars.

    The company says lower trade volumes and a Covid-related fall in ship calls drove the drop.

    It says demand for the region's food and fibre exports is robust, but the impact of labour shortages and supply chain disruption is uncertain.

    It will still pay a 2.8 percent dividend.

    © 2022 Newstalk ZB, NZCity

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