News | Lower North Island
29 Mar 2024 9:03
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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.

    © 2024 Newstalk ZB, NZCity

     Other Lower North Island News
     28 Mar: A Palmerston North police chase that involved a man being fired at - and hit with a sponge round, has been found to be justified
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     27 Mar: Police have cordoned off a property in Hastings where a vehicle was found on fire last night
     26 Mar: Central Districts veteran batsman Greg Hay will retire at the conclusion of his side's Plunket Shield final round match against Otago at McLean Park in Napier
     24 Mar: A person has died following a quad bike crash, in Hastings yesterday
     24 Mar: Investigations are underway after a suspicious bush fire in Otaki last night, prompted a rescue
     24 Mar: Dozens of staff and residents at a dementia care unit in Levin were forced to evacuate overnight, after a fire broke out at the home
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