News

20 August 2015

Records feature in South Port’s full year result

South Port NZ

Busy seasonal freight activity has produced a record cargo volume for South Port in the 2014-15 year and the highest tax-paid profit result in the port operator‟s history.

This was achieved whilst maintaining high Health and Safety standards and implementing a two mobile container crane operating model plus focusing on the gaining of efficiencies through the PACE (Port Achieving Combined Excellence) Process Improvement Program.

“Stronger bulk volumes drove overall cargo throughput to the new record level of 2.86 million tonnes while the Company‟s warehousing, container handling and marine functions provided support to core activity”, said South Port Chairman, Rex Chapman.

Reported after tax profit of $7.74 million (2014 – $6.68 million) is a 15.8% increase on the 2014 year and represents a strong outcome compared to earlier profit expectations.

Read the full media release here.