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- Release Date: 01/02/12 13:20
- Summary: ASSET: SPN: South Port Sells Surplus Container Crane
- Price Sensitive: No
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SPN
01/02/2012 11:20
ASSET
REL: 1120 HRS South Port New Zealand Limited (NS)
ASSET: SPN: South Port Sells Surplus Container Crane
1 February 2012
SOUTH PORT SELLS SURPLUS CONTAINER CRANE
South Port New Zealand Limited has entered into a USD1.125 million contract
with a Bahama's based entity for the sale of a surplus mobile harbour crane.
The crane is scheduled to be transported from Bluff in March 2012 using a
heavy lift vessel.
South Port Chairman, Mr Rex Chapman, stated "The Liebherr LHM 320 crane which
is being sold was replaced by a larger and more modern crane approximately 12
months ago and this new plant is servicing the Company's customers very
effectively."
Based on current foreign exchange rates, the sale value of the surplus crane
will exceed the carrying cost of the asset. An updated forecast profit for
the 2012 financial year, which will include the impact of the sale of the
crane, is to be made available at the time of South Port's interim profit
release date (Thursday, 9 February 2012).
For further information, please contact:
Mark O'Connor
Chief Executive
South Port NZ Ltd
DDI 03 212 6036
Mobile 0272 560 407
End CA:00219074 For:SPN Type:ASSET Time:2012-02-01 11:20:08
