Mid-Year Profit for Centreport

Mid-Year Profit for Centreport

CentrePort posted a Net Profit after Tax of $3.1m for the six months to December 2014, up on the same period last year which was an earthquake affected loss of $0.2m.

Key features of this year’s result were a 9% increase in revenue, a 7% increase in total ships calls and a 15% increase in container volumes. Other trades were stable.

Supporting continued growth, during the six month period, CentrePort opened an inland hub in Whanganui, provided increased inland hub and transport services across central New Zealand via its growing CentreRail service and welcomed an additional international container service.

Last month CentrePort also announced plans to deepen the shipping channel in Wellington’s harbour to accommodate bigger ships and ensure on-going access to international markets for central New Zealand importers and exporters. The company will apply for consent later this year following a public consultation process.

CentrePort Chairman Warren Larsen said “The outlook for the remainder of the year is positive and we are pleased with progress”.

An interim dividend of $2.6m has been declared.

ENDS

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