Revenue:Annual improvement of 13% to $63.3m driven by strong dairy and forestry volumes.
Net profit after tax: Ahead by 81% to $13.3m.
Main takeaway: A strong performance by the country’s southernmost port, driven by buoyancy in Southland's agricultural exports, although the market has reacted to the pending departure of long-term CEO Nigel Gear.
Shares in South Port dipped 6 cents to $9.15 in midday trade despite reporting an 81% increase in net profit after tax to $13.3 million.
The market was reacting to the announcement that the port's long-term chief executive, Nigel Gear, is departing. The shares have since recovered.
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Key points
Revenue:Annual improvement of 13% to $63.3m driven by strong dairy and forestry volumes.
Net profit after tax: Ahead by 81% to $13.3m.
Main takeaway: A strong performance by the country’s southernmost port, driven by buoyancy in Southland's agricultural exports, although the market has reacted to the pending departure of long-term CEO Nigel Gear.
