Port of Tauranga posts 114pc profit hike in first half, boxes up 25.5pc
NEW ZEALAND's Port of Tauranga Ltd posted a 114 per cent year-on-year increase in first half profit to NZ$74.2 million (US$62 million) for the six months period ending December 31.
The results do not include NZ$35 million from the sale of its 50 per cent share in C3 Limited , which came to NZ$39.2 million.
Port of Tauranga, the country's biggest export port, said container volumes rose 25.5 per cent year on year during the six-month period, reaffirming its own full-year profit fore caste of NZ$75 million to NZ$79 million, compared to the previous financial year gain of NZ$73.5 million.
NEW ZEALAND's Port of Tauranga Ltd posted a 114 per cent year-on-year increase in first half profit to NZ$74.2 million (US$62 million) for the six months period ending December 31.
The results do not include NZ$35 million from the sale of its 50 per cent share in C3 Limited , which came to NZ$39.2 million.
Port of Tauranga, the country's biggest export port, said container volumes rose 25.5 per cent year on year during the six-month period, reaffirming its own full-year profit fore caste of NZ$75 million to NZ$79 million, compared to the previous financial year gain of NZ$73.5 million.