LPC Annual Result Announcement 30 June 2013
29 August 2013
LPC RESULT FOR YEAR ENDED 30 JUNE 2013
PORT ACHIEVES RECORD VOLUMES
Almost three years on from the Canterbury earthquakes, Lyttelton Port of Christchurch has achieved a significant milestone along the way to recovery, with a new long-term strategic plan developed and preparations underway to move forward.
LPC achieved another highly commendable financial and trade result, demonstrating once again the Company’s underlying strength in difficult circumstances. The result is testament to the continuing focus on customer service, marketing initiatives and operational planning, as well as the ongoing robustness of the Canterbury economy.
“Sincere thanks go to our customers and business partners for their ongoing and unwavering support,” said LPC Chairman Trevor Burt.
“On behalf of the Board, our thanks are extended to the Chief Executive, the Senior Management team, and each and every staff member, as well as our contractors and advisors, for their excellent performance during the 2013 year.”
Summary of the Year’s Highlights
• LPC’s financial and operational highlights for the year include:
• 4.5% rise to 351,217 total TEU volumes, with 9.2% rise in Container Terminal volumes to a record 345,940 TEUs
• CityDepot handled a record number of containers
• Te Awaparahi Bay reclamation reached 4 hectares
• Two new breakbulk shipping services extended their services to Lyttelton
• Announcement of new service to USA and Europe
• New Leibherr container crane ordered
• 5.8% rise in operating revenues to $110.7 million
• Statutory profit after tax of $16.9 million (last year $17.2 million)
• 11.2% increase in dry bulk imports
• 30.9% increase in log exports
• 24.6% increase in vehicle imports