Subscribe to RSS feedLyttelton earnings fall, merger talks continue
by
Sineva Toevai
—
last modified
Mar 15, 2010 09:11 AM
THE FIRST half of 2009/10 was a “challenging” period for New Zealand’s Lyttelton Port, which reported a 35% decline in profits.
After tax profit fell to NZ$3.7m ($2.9m) in the six months ended December 31 from NZ$5.7m in the previous corresponding period. Revenue dropped 2.4% to NZ$42m.
A fall in demand for coal saw shipments of the fossil fuel drop 9.7%...
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