Ann: FORECAST: LPC: LPC Increases Full Year Profi

NZX News

03/05/13

11:47

Post #: 11718487

Release Date: 03/05/13 15:45
Summary: FORECAST: LPC: LPC Increases Full Year Profit Forecast
Price Sensitive: No
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LPC
03/05/2013 13:45
FORECAST

REL: 1345 HRS Lyttelton Port Company Limited (NS)

FORECAST: LPC: LPC Increases Full Year Profit Forecast

Following a Board meeting on 2 May 2013, Lyttelton Port of Christchurch
wishes to announce a revised Earthquake-adjusted Profit after taxation
projection in the range of $15 million to $16 million for the financial year
ending 30 June 2013.  This reflects strong business performance.

This is an increase from the advice on 29 February 2013 to the market of a
forecast between $13 million to $15 million.

Chief Executive Peter Davie stated "The port has handled record numbers of
containers and seen consistent growth across its other trades. In March, we
handled a record 34,877 TEU in the Container Terminal and attracted two new
bulk break cargo services."

The Company continues to focus on delivering strong underlying business
growth whilst planning for the reinstatement of its earthquake damaged
assets.

-Ends-

For further information contact:
PETER DAVIE
Chief Executive
Lyttelton Port of Christchurch
027 444 1254
End CA:00235861 For:LPC    Type:FORECAST   Time:2013-05-03 13:45:41

Price at posting: $2.40 Sentiment: None Disclosure: Held