Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


17% rise in after tax surplus for CentrePort Wgtn.

Media release

17% rise in after tax surplus for CentrePort Wellington - six monthly result

CentrePort Wellington’s after-tax surplus rose by 17% to $3.1 million for the half year to 31 December 2004, compared to the same period in 2003, with directors approving an interim dividend of $1.8 million.

The strong performance was led by a 23% year-on-year increase in container volumes with petroleum, cement and imported vehicles all experiencing growth.

“CentrePort Wellington’s six-month result shows strong foundations have been laid. This is only the beginning – we are confident of achieving future economic growth by adopting an integrated logistics approach,” said Chairman Nigel Gould.

Over the period, borrowings increased by $6.25 million mainly due to developments within the company’s Business Park.

Total revenue for the six months was $22.7 million compared to $20 million in December 31 2003.

At the end of 2003, CentrePort Wellington adopted a business strategy of growing revenue through an integrated logistics approach to port facilities, services and property interests and appointed a new CEO, Liz Ward, to drive this policy through.

“CentrePort Wellington has consolidated its reputation as a port of choice for many central New Zealand importers and exporters with three major shipping lines all experiencing recent growth” said Mr Gould.

“The initial developments in CentrePort Wellington’s 6.5 hectare Commercial Business Park will be completed later this year. While we welcome the extra value this will contribute, our primary focus remains on growing and investing in traditional port services and providing enhanced services to our customers.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>


Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news