FIRST CUT: Port of Tauranga lifts 1H profit 4%

Sun, 17 Feb 2019

By Gavin Evans Feb. 18 (BusinessDesk) - Port of Tauranga increased first-half net profit 4 percent, buoyed by ongoing container growth and increased log and fruit volumes. Net profit rose to $49 million in the six months ended Dec. 31, from $47.1 million a year earlier. Port of Tauranga is the country’s largest and also has interests in Northport and PrimePort Timaru. In October, it forecast full-year net profit of $96 million to $101 million, from $93.4 million in the June year. Today it said earnings should come in at the upper end o...

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