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- Release Date: 02/10/12 18:33
- Summary: FORECAST: LPC: LPC Reduction in Coal Volumes
- Price Sensitive: No
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LPC
02/10/2012 15:33
FORECAST
REL: 1533 HRS Lyttelton Port Company Limited (NS)
FORECAST: LPC: LPC Reduction in Coal Volumes
NZX RELEASE REDUCTION IN COAL VOLUMES
Solid Energy has announced a number of strategic and structural change
proposals in response to the impact of the challenging global coal market on
its business.
The Lyttelton coal yard is the largest coal handling facility in New Zealand,
and exported a record 2,447,968 tonnes last financial year. The Lyttelton
Port Company is forecasting a 17% reduction in its 30 June 2013 coal volumes
and a $0.7M reduction in its after tax earnings.
Lyttelton Port Company will provide the market with its forecast full year
result at its Annual Meeting on 02 November 2012.
-Ends-
For further information contact:
PETER DAVIE
Chief Executive
Lyttelton Port of Christchurch
027 444 1254
End CA:00228036 For:LPC Type:FORECAST Time:2012-10-02 15:33:58
