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


CentrePort achieves mid-year profit

CentrePort achieves mid-year profit

CentrePort, the country’s third largest port, has posted a Net Profit after Tax of $5.1m for the six months to December 2012, amid tough trading conditions.

Though the figure was six per cent lower than the corresponding period last year, Chairman Warren Larsen said the company was satisfied with the result after accounting for the impact of seismic repair works and substantially increased insurance costs. He also noted the influence of the timing of cruise trade, which will result in increased revenue in the second half of the year.

“We’re pleased with ongoing growth in core activities such as freight and tourism and the port’s continued high productivity rate,” Mr Larsen said.

Chief Executive Blair O’Keeffe said break-bulk trade was up 20 per cent on the corresponding period last year, thanks especially to a strong uplift in log exports.

Container trade was stable – just 2 per cent lower than the same period last year, while vehicle trade was down 11 per cent.

“Cruise ship calls are set to reach a record 91 in the 12 months to June, bringing 225,000 visitors to the Capital – a 25 per cent increase on the previous year,” Mr O’Keeffe said.

As expected CentrePort’s Commercial Property result, like many other Wellington commercial property owners, was down due to the impact of seismic repair work.

The port’s productivity remained industry leading with an average crane rate of 30.8 per hour (on exchanges over 300) for the six months, placing CentrePort in the upper quartile performance level for Australasia.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Sweet Health: Sugary Drinks Banned From Hospitals And Health Boards

All hospitals and DHBs are expected to kick sugary drinks out of their premises. University of Auckland researcher, Dr Gerhard Sundborn who also heads public health advocacy group “FIZZ”, says he welcomes the initiative. More>>


NASA: Evidence Of Liquid Water On Today's Mars

Using an imaging spectrometer on MRO, researchers detected signatures of hydrated minerals on slopes where mysterious streaks are seen on the Red Planet. These darkish streaks appear to ebb and flow over time. More>>


Bird Brains: Robins Can Just Be Generally Clever

Research from Victoria University of Wellington has revealed that birds may possess a ‘general intelligence’ similar to humans, with some individuals able to excel in multiple cognitive tests. More>>


Psa-V: Positive Result On Whangarei Kiwifruit Orchard

Kiwifruit Vine Health (KVH) has received a Psa-V positive test result on Hort16A and male vines on a kiwifruit orchard in Whangarei. This is the first confirmed case of Psa-V on an orchard in the Whangarei region. More>>

Regional Accents: Are Microbes The Key To Geographical Differences In Wine?

A new study of six of New Zealand’s major wine-growing regions has found that differences in flavour and aroma of wine from different areas may depend more on microbes than was previously thought. More>>


Science: AgResearch To Cut Science Staff In Areas Of 'Reduced Demand'

“We are therefore consulting with our staff from today on a proposal to reduce science staff in areas of shrinking demand. Combined with recruitment planned in areas of growing demand, this would mean a net reduction of 15 scientists and 41 technicians at AgResearch in the 2015/16 year." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news