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29 Oct 2020 17:56
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  •   Home > News > Business

    Christchurch's port has some good news ... and bad news - for its shareholders

    Christchurch's port has some good news ... and bad news - for its shareholders


    The Lyttelton Port Company had record export shipments of six billion dollars and posted a Covid-19 affected profit of 10 million dollars -- down from about 42 million last year.

    But, it recorded an overall loss of 154 million because of a write-down.

    CEO Roger Gray says the value of port assets has been readjusted - but it's still a strong long term business.

    © 2020 Newstalk ZB, NZCity


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