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Lyttelton Port navigates sharp drop in container volumes

Amid economic slowdown, Lyttelton Port sees revenue rise but profits and container volumes fall, prompting cost-cutting measures.

Lyttleton Port Company has seen a decrease in container volumes.

Liam Rātana Fri, 05 Apr 2024
Key points
  • Revenue: $93.1 million, up from $91m.
  • Net profit: $8.1m, down from $12.1m.
  • Key takeaway: The port has fallen short of projected targets in a challenging economic landscape.

In its HY24 report, Lyttelton Port Company has presented a mixed bag of results for the six months ending December 31, 2023.

Amidst a challenging economic landscape, the company reported a modest increase in operating revenue, yet fell short of its projected financial targets.

The port's operating

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Liam Rātana Fri, 05 Apr 2024
Contact the Writer: liam@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Key points
  • Revenue: $93.1 million, up from $91m.
  • Net profit: $8.1m, down from $12.1m.
  • Key takeaway: The port has fallen short of projected targets in a challenging economic landscape.
Lyttelton Port navigates sharp drop in container volumes
Business,
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