Brief: South Port New Zealand Says 2023 Net Profit Of NZ$11.71 Million

South Port New Zealand

31/10/2023 01:33

Oct 31 (Reuters) - South Port New Zealand Ltd  SPN.NZ :
    * 2023 NET PROFIT OF NZ$11.71 MILLION, WHICH WAS UP 8.7%
    * TRADE VOLUMES FOR Q1 BELOW FORECAST, 10% DOWN ON SAME
QUARTER
LAST YEAR
    * PREDICTING JUST WHEN CHINESE MARKET FOR LOGS MIGHT IMPROVE
IS
DIFFICULT
    * IN FY23, MAINTAINED FOR SECOND YEAR TOTAL DIVIDEND OF 27
NZ
CENTS PER SHARE
    * WILL LOOK CLOSELY AT COST BASE AND REDUCING COSTS TO
MINIMISE
FINANCIAL IMPACT OF CURRENT SLOWDOWN IN TRADE
    * TO TEMPER ITS EARNINGS GUIDANCE FOR 2024
    * FY24 EARNINGS COULD BE AT LOWER END OF NZ$9 MILLION AFTER
TAX

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Further company coverage:  SPN.NZ