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Vector lifts full-year guidance after 27% first half profit jump
22 Feb, 2021 09:30 PM
2 minutes to read
NZ Herald
Auckland lines company Vector has posted a net profit of $102.1 million for the six months to December, up 27 per cent from $80.5m in the previous corresponding period.
Vector, 75.1 per cent owned by central Auckland community trust Entrust, declared an unchanged interim dividend of 8.25c a share, 10.5 per cent imputed.
The company lifted its full-year adjusted ebitda guidance from $380m to $500m to $500m to $520m, provisional on no further Covid-19 disruption.
Despite the uncertainties that have arisen due to Covid-19, the group has delivered a pleasing start to the 2021 financial year, chairman Jonathan Mason said. ....

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