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Special dividend for Channel Infrastructure shareholders

Fuel terminal operator says aviation demand will drive business growth.

Channel Infrastructure received 70 import shipments to its terminal at Marsden Pt during the year.

NBR Staff Thu, 29 Feb 2024
Key points
  • Revenue: Up 48% to $130.7m
  • Net profit: Up 101% to $24.1m
  • Key takeaway: Company highlights strong cash flows and aviation fuel growth.

Fuel terminal operator Channel Infrastructure will pay shareholders a $5.7 million special dividend on top of a $23.9m ordinary dividend as growing jet fuel demand drove earnings to the top end of expectations.

Announcing its results for the year to December, the company said the business was

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NBR Staff Thu, 29 Feb 2024
Contact the Writer: editor@nbr.co.nz
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Key points
  • Revenue: Up 48% to $130.7m
  • Net profit: Up 101% to $24.1m
  • Key takeaway: Company highlights strong cash flows and aviation fuel growth.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
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Avg Daily Volume
Daily High
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52 Week High
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Special dividend for Channel Infrastructure shareholders
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