Port Lyttelton has told investors it will not pay any dividends until it finalises its redevelopment plans, and insurance and funding matters.
First quarter profit for the port fell 15% to $3.5 million, due to quake related costs.
The port is picking a lower full year profit of between $13 - $15 million, due to the company moving outside its indemnity period for cruise revenue and falling coal volumes from Solid Energy.
About $52 million has been incurred in business interruption and material losses, and insurers have paid $35.7 million.
Another $10 million dollar lodged in August is being negotiated.
The port says insurers have agreed a number of key harbour structures have been so extensively damaged they will need to be replaced.
