South Port New Zealand (NZX:SPN) upgrades FY25 earnings guidance

South Port New Zealand (NZX:SPN) has updated its earnings guidance for the fiscal year 2025, now expecting to exceed NZD 12.5 million. This revision comes after the company had previously indicated earnings would fall above the upper end of a NZD 9.3 million to NZD 10.3 million range during the Annual Shareholders Meeting in October 2024. The upgraded forecast is attributed to higher-than-expected bulk and containerised volumes being handled late in the last quarter. South Port New Zealand notes that the revised earnings guidance reflects a strong dairy sector and a recovery of forestry exports in the southern region.