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It was preserved as a record on November 6; the timeline below shows how it unfolded, with sources. Get the briefing to follow the top situations still developing: three emails a week, sourced and in order.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 5 sources · 10 days · First seen · Last updated

Corporate financial reporting

Overview

The provided reports detail the financial performance of two distinct entities.

Port Nelson reported an underlying net profit after tax of $12.7 million for the fiscal year ending June 30, 2026, supported by a 15% revenue increase. However, the company recorded a total comprehensive loss of $31.5 million due to a $51 million asset revaluation. Chair Jon Safey stated this revaluation reflects anticipated reductions in future cargo volumes and higher capital expenditure for the Calwell slipway redevelopment, though it does not impact daily operations.

National Enterprises Limited reported a TT$254 million profit for the nine-month period ending June 2026, a turnaround from a TT$185 million loss the previous year. This recovery was largely driven by a TT$199 million positive fair-value movement. General Manager Charles Maynard indicated the company is finalizing a new three-year strategic plan focused on acquiring assets for growth and dividend income.

Entities

Jon Safey · Infrastructure Holdings Limited · Nelson City Council · Tasman District Council · Port Nelson

Timeline

  1. [BUSINESS] 2 sources
    National Enterprises Limited reports TT$254M profit

    National Enterprises Limited reported a TT$254 million profit for the nine months to June 2026, reversing a prior year loss driven by positive fair-value movements in its portfolio.

  2. [BUSINESS] 3 sources
    Port Nelson reports $12.7 million underlying profit

    Port Nelson reported an underlying net profit of $12.7 million for the year ending June 30, 2026, driven by high log exports, despite a total comprehensive loss of $31.5 million due to asset revaluation.

Sources

business.scoop.co.nz · fbcnews.com.fj · punchng.com · transporttalk.co.nz · ttt.live