Earlier on March 27, 2020 South Port New Zealand Limited (NZX: SPN) expected its profit to be at the lower range of $8.2 million to $8.7 million as business was heavily impacted by restriction in trade activity in Level-4 lockdown.

However, as the lockdown has been eased, the company is witnessing a strong uplift in demand in log volumes exported through the Port.

As the trade activity has now been increased, the company expects full year earnings to exceed the previous forecast range of $8.2 million to $8.7 million.

 

 


Disclaimer
The website https://kalkinemedia..com/nz is a service of Kalkine Media New Zealand Limited (Company Number 8107196).The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion.Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. We are neither licensed nor qualified to provide investment advice through this platform.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK