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> SOUTH PORT NEW ZEALAND LIMITED 12 February 2021 NZX Announcement and Media Release SOUTH PORT HALF YEAR 2021 RESULTS South Port accelerates into 2021 South Port has recorded a strong start to the 2021 financial year due to an excellent operational performance . " Of our various business activities , containers , cold storage and the marine operations were standout performers in the half - year to 31 December , " said South Port Chairman , Mr Rex Chapman . " This result was secured based on the Port's bulk cargo volumes which were consistent with the corresponding period of 2019 and remain the backbone of the Company's cargo mix . " " COVID - 19 continues to play a significant factor in trade lanes worldwide , " he added . " Globally , restrictions placed at borders , lockdowns and the lack of trained staff to work at ports on cargo / container vessels has negatively impacted the efficiency of the supply chain . " " This will take a number of months to improve and will continue to create uncertainty in the marketplace until there is a successful rollout of a vaccine . " " Given these realities , South Port's operating revenue and net profit after tax for the first six months of FY21 are reassuringly strong . " Revenue for 1H21 was $ 23.30 million , up 8.4 % ( 1H20 $ 21.60 million ) and NPAT was $ 6.1 million , a 33 % lift in profitability ( 1H20 $ 4.6 million ) . Several factors impacted on this record interim result including : Record container throughput . Higher returns from cold storage as a result of increased storage and blast freezing activities . Increased marine activity . - Timing some container volumes have been brought forward due to supply chain issues . Post - balance date , on 14 January 2021 , Rio Tinto announced a new electricity agreement with Meridian Energy that allows New Zealand's Aluminium Smelter ( NZAS ) to continue to operate the Tiwai Point Aluminium Smelter until 31 December 2024 .