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- Release Date: 06/07/12 11:42
- Summary: GENERAL: SPN: Record Annual Cargo Tonnage & Revised 2012 Forecast Profit
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SPN
06/07/2012 09:42
GENERAL
REL: 0942 HRS South Port New Zealand Limited (NS)
GENERAL: SPN: Record Annual Cargo Tonnage & Revised 2012 Forecast Profit
6 July 2012
Record Annual Cargo Tonnage and Revised 2012 Forecast Profit
A record annual tonnage of 2.69 million tonnes has been achieved by Bluff
port operator South Port NZ Ltd (South Port) in the 12 months ended 30 June
2012. The previous record of 2.64 million tonnes, which was recorded in the
prior year, has been surpassed by approximately 50,000 tonnes.
In addition the Directors of South Port having considered updated data for
the 2012 financial year signalled an upgrade in forecast tax-paid profit.
Subject to the outcome of the year-end audit, the 2012 profit figure is now
expected to be in the range of $5.80 - $6.0 million (previous forecast range
issued in February 2012 was $5.2 - $5.5 million).
Also included in the forecast 2012 profit figure is a one-off gain of
$270,000 arising from the sale of a surplus mobile container crane. The
final year-end profit will be available on 23 August 2012 once the annual
audit process is completed.
South Port Chairman, Rex Chapman, said improved activity occurred in both the
containerised and bulk cargo areas during the last quarter of the financial
year. The lift in profitability was primarily attributable to increased
volumes of woodchips, fertiliser, petroleum and stock food cargo passing
through South Port plus improved warehousing contributions.
This communication is provided under the NZX continuous disclosure
obligations.
For further information, please contact:
Mark O'Connor, Chief Executive
PH: 0064 3 212-8159 / Mobile 0064 272 560 407
Email [email protected]
End CA:00224714 For:SPN Type:GENERAL Time:2012-07-06 09:42:27
