Revenue: Up 15.9%, on a 9% increase in bulk cargo volumes to 3.47 million tonnes with container numbers up 3.4% to 230,000 20-foot-equivalent units.
Net profit after tax: Up 49.7% at $24.8m, including a $9.25m contribution from a Cyclone Gabrielle insurance claim.
Main takeaway: The country’s fourth-busiest port has benefited from the post-cyclone regional recovery, heightened log exports, and cruise traffic as well as an insurance payout, prompting a staff bonus.
Napier Port will pay each of its 320 employees a cash and share bonus of $2291 on the strength of a 49.7% increase in net profit after tax (npat) to $24.8 million for its September year.
And while staff share a payout pool of $675,000, the NZX- listed company has announced a final dividend of $12m,
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Revenue: Up 15.9%, on a 9% increase in bulk cargo volumes to 3.47 million tonnes with container numbers up 3.4% to 230,000 20-foot-equivalent units.
Net profit after tax: Up 49.7% at $24.8m, including a $9.25m contribution from a Cyclone Gabrielle insurance claim.
Main takeaway: The country’s fourth-busiest port has benefited from the post-cyclone regional recovery, heightened log exports, and cruise traffic as well as an insurance payout, prompting a staff bonus.
