30 Aug 2013

Port profit down nearly 2%

7:48 am on 30 August 2013

Annual net profit for Lyttelton Port fell by nearly 2% after its insurance against losing cruise ship visits ran out.

The company made a net profit of $16.9 million for the 12 months to the end of June, compared with $17.2 million last year.

Adjusting for the impact of the Christchurch earthquakes, net profit was $15.1 million.