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Napier Port CEO says Cyclone Gabrielle negatively impacted half-year profits

Author
Newstalk ZB,
Publish Date
Wed, 24 May 2023, 7:10pm
 Photo / Warren Buckland
Photo / Warren Buckland

Napier Port CEO says Cyclone Gabrielle negatively impacted half-year profits

Author
Newstalk ZB,
Publish Date
Wed, 24 May 2023, 7:10pm

Napier Port is reporting a slight drop in half year profits, thanks to Cyclone Gabrielle.

Net profits have fallen 3.3 percent in the six months ended March compared with a year ago, to $8.7 million.

Napier Port CEO Todd Dawson says Cyclone Gabrielle 'took the shine' off what would have otherwise been a solid result for the first half-year.

"Napier Port itself didn't suffer too much damage from the cyclone, we were actually up and running within a couple of days of the actual event with the first set of fuel vessels back into the region."

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