Strong LPC Financial Result Supports Port Redevelopment

Press Release – Lyttelton Port of Christchurch

Lyttelton Port of Christchurch (LPC) is focused on building a solid future for the Company and its stakeholders. It is in a strong financial position to fund the Ports redevelopment. The Company had good volume growth and has produced a solid financial …

LPC RESULT FOR YEAR ENDED 30 JUNE 2014

Strong LPC Financial Result Supports Port Redevelopment

Lyttelton Port of Christchurch (LPC) is focused on building a solid future for the Company and its stakeholders. It is in a strong financial position to fund the Port’s redevelopment. The Company had good volume growth and has produced a solid financial result, with increased operating revenue and a final settlement with its insurers of its earthquake related claims. This was achieved in an environment with significantly earthquake damaged infrastructure.

“The Port’s rebuild is integral to the recovery of the region,” said LPC Chairman Trevor Burt. “The release in June 2014 of the Port Lyttelton Plan (PLP), our vision for the future, was the first step in the journey with the community and stakeholders to produce and implement a recovery plan. The Board wishes to sincerely thank our customers, business partners and all our team, contractors and advisors for their support during the last year.”

Full results: NZX_Release__LPC_Result_for_year_ended_30_June_2014_1.pdf

Content Sourced from scoop.co.nz
Original url