New Zealand port operator Northland Port Corporation reduced its annual profit forecast by 21 percent on Thursday on advice from its auditors.
"The previously indicated full year profit announcement of approximately NZ$3.5 million ($2.3 million) has been reduced by NZ$750,000 as a consequence of the company's auditors, Enrst & Young, changing their advice on the accounting treatment of certain profits..." Northland Port said in a statement.