Napier Port reports 76% profit surge in Q3

Napier Port's third-quarter revenue jumped 16.4% to NZ$42.5 million, while underlying net profit after tax soared 75.6% to NZ$8.4 million, driven by a 12.7% increase in container services volume.

For nine months ended June 30, revenue rose 12.6% to NZ$120.6 million, with underlying net profit climbing 46.1% to NZ$23.2 million.

The company expects full-year underlying operating earnings at the higher end of its NZ$59-63 million guidance range.