Lyttelton Port of Christchurch, which was hit by the magnitude 7.1 earthquake on September 4, is forecasting a higher interim profit after handling 15 percent more containers in the five months to November than in the same period last year, reported New Zealand Press Association.
The port resumed operation within hours of the earthquake but did suffer damage to its wharves.
It today disclosed a net profit after tax for the five months to November of US$3.71 million, leading it to forecast a profit between $4.08 million and $4.59 million for the six months to December 31. This is up from $2.74 million in the same period last year.
The port signed a contract with Fonterra last year, which increased the volume the port handled from the dairy cooperatives Clandeboye plant.
Chairman Rodger Fisher said the performance was a significant achievement in the post-earthquake environment.
The port resumed operation within hours of the earthquake but did suffer damage to its wharves.
It today disclosed a net profit after tax for the five months to November of US$3.71 million, leading it to forecast a profit between $4.08 million and $4.59 million for the six months to December 31. This is up from $2.74 million in the same period last year.
The port signed a contract with Fonterra last year, which increased the volume the port handled from the dairy cooperatives Clandeboye plant.
Chairman Rodger Fisher said the performance was a significant achievement in the post-earthquake environment.