Quake repercussions haunt Lyttelton

LPC has to date received NZ$35.7m in progress payments of a total bill expected to exceed NZ$300m.

Meanwhile, LPC’s five-level head office building has been evacuated and about 45 staff relocated after it was deemed unsafe in an engineering report.

Despite the recent tribulations, LPC has achieved a comparable 34.4% rise in net after-tax profit to NZ$12.1m (excluding earthquake effects such as additional costs and insurance proceeds).