SPN Reports Improvement in Trade Activity

  • Jun 26, 2020 NZST
  • Team Kalkine
SPN Reports Improvement in Trade Activity

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.

 


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