It is pleasing to deliver a solid half year result for our region and for our shareholders. We acknowledge the efforts by the whole Napier team in achieving this, with less resourcing than we would normally deploy during the first half year.
We’ve just released our financial results for the six months to the end of March, 2024. We’re pleased to say that it’s a good result driven by many factors, but primarily logs and cruise trade have contributed to support our business.
Our revenue rose 10.1% to $70.6 million, and was led by significant growth in export log and cruise revenue. We have a reported net profit after tax increased 64.8% to $14.3 million, from $8.7 million in the same period last year. Container volumes decreased 17.3% on continued post-Cyclone Gabrielle effects and weaker economic activity. We have an expected underlying result from operating activities for the year to 30 September 2024 of between $50 million and $53 million.
You can find further information here: https://lnkd.in/e2VRaGiy
Regional Operations Support specializing in Real Estate Management at South Oxford Management
2wCongratulations!