Jamie Gray is a business reporter for the NZ HeraldWellington's CentrePort said a strong lift in container traffic and property revaluations had driven its net profit $3.9 million higher to $17.9 million in the June year. Port revenue was up 10 per cent to $73 million and the port's container trade was up 23 per cent to 132,000 TEU (twenty-foot equivalent units). The board paid dividends of $6.8 million to its shareholders - Greater Wellington Regional Council and Horizons Regional Council - and has declared a final dividend of $0.7 million. Retiring CentrePort chairman Warren Larsen said the board looked forward to continued profitable growth of the business. He said CentrePort had developed its plans for a resource consent application to deepen the harbour's shipping channel.

Source: New Zealand Herald August 23, 2016 05:37 UTC