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NZ CentrePort profit soars 388pc to US$12.9 million, sales up 10pc
CENTREPORT Wellington, New Zealand, annual profit increased 388.9 per cent to NZ$17.9 million (US$12.95 million) drawn on revenues of NZ$73 million, up 10 per cent year on year.The financial year saw container throughput rise 23 per cent to 132,000 TEU, while the log trade increased 19 per cent year on year to 1.04 million JAS (Japanese agricultural standard).
Port officials attributed the solid performance to a "strong increase in trade" along with a property revaluation.
Over the past year CentrePort has further expanded its hinterland network and has "well developed plans in place to extend this still further," a company statement said.
"The company will continue to invest in both updating port infrastructure assets where required, and further developing regional strategic partnerships to create seamless road and rail connections from central New Zealand to our seaport," said CEO Derek Nind.
"Every day our CentreRail service, in partnership with KiwiRail, transports containers from across central New Zealand into Wellington, lowering cost and distance to market for importers and exporters in the region."
CentrePort has developed its plans for resource consent application to deepen the harbour shipping channel to handle larger vessels and ensure ongoing direct access to international markets for central New Zealand importers and exporters.
Port officials attributed the solid performance to a "strong increase in trade" along with a property revaluation.
Over the past year CentrePort has further expanded its hinterland network and has "well developed plans in place to extend this still further," a company statement said.
"The company will continue to invest in both updating port infrastructure assets where required, and further developing regional strategic partnerships to create seamless road and rail connections from central New Zealand to our seaport," said CEO Derek Nind.
"Every day our CentreRail service, in partnership with KiwiRail, transports containers from across central New Zealand into Wellington, lowering cost and distance to market for importers and exporters in the region."
CentrePort has developed its plans for resource consent application to deepen the harbour shipping channel to handle larger vessels and ensure ongoing direct access to international markets for central New Zealand importers and exporters.
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