Trade Growth Leads to Strong Result

29 February 2012

NZX RELEASE

LPC RESULT FOR THE SIX MONTHS ENDED 31 DECEMBER 2011

TRADE GROWTH LEADS TO STRONG RESULT

Lyttelton Port of Christchurch has continued its strong performance and delivered a 55.5% increase in its earthquake-adjusted trading result for the six months to 31 December 2011 compared to the same period in 2010.

“This outstanding result was achieved in spite of earthquake damage continuing to restrict operational flexibility. The ongoing delivery of excellent customer service despite these challenges over the past 18 months has strengthened relationships and is supporting the growth of our customers’ revenues,” said LPC Chairman Rodger Fisher.

“The Company sincerely appreciates the continuing support shown by all our customers and the great efforts of our staff.”

It is a testament to our staff that our customers have continued to support the port with cargo flows increasing significantly over the last six months, particularly from the export sector. The customer base has also grown through the period with the addition of two new weekly container services, resulting in record container volumes.”

Full release: NZX_Announcement_Six_Months_to_31_December_2011.pdf

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