SOUTH PORT NEW ZEALAND LIMITED
NZX Announcement
25 May 2018
South Port - Updated Profit Forecast
At the time of the Company's interim report, South Port estimated that its full year earnings would fall in the range of $8.65M to $8.9M (FY2017 $8.4M). Shareholders were advised that in the event that the Company's FY2018 profit fell within this forecast range, then the Directors expected that the full year dividend payment would remain consistent with the previous year.
With the 30 June year end approaching, the Company now expects its full year earnings to be in the region of $9.5M. Notwithstanding this expected increase in profit, the full year dividend payment will be consistent with the previous year.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr Rex Chapman
Chairman
Mob: 027 454 8455
RTC-033748-2-635-V1