Lyttelton Port Company reported a 2.3% revenue increase to $93.14M, a 11% container volume drop, and a 33% NPAT fall due to market slowdown.
Lyttelton Port Company reported a 2.3% revenue increase to $93.14M in the six months to Dec 31, 2023, but container volumes dropped 11% to 225,816 TEU due to market slowdown. Net profit after tax (NPAT) fell 33% to $8.08M. To cope with the economic situation, LPC delayed/cancelled capital expenditure projects, reduced staff numbers, and focused on improving financial performance and delivering dividends.
April 06, 2024
3 Articles