CentrePort bucks the trend, posts improved profits

CentrePort bucks the trend, posts improved profits
CentrePort posted an improved profit in the first half of the 2024 financial year. (Image: CentrePort)
Oliver Lewis
During a difficult time for the port sector, CentrePort's first-half profit rose more than 50% despite cargo volumes remaining flat.The Wellington port released a summary of its results for the six months to December 2023 on Monday.Port of Tauranga (POT), South Port and Lyttelton Port Company (LPC) reported drops in their net profit after tax (Npat) for the period. Ports of Auckland, meanwhile, posted an improved result attributable, in part, to its strategy to hike user charges; it also regained market share from POT.In its announceme...

More Infrastructure

NZTA endorses stage one of long-promised Mill Rd upgrade
Infrastructure

NZTA endorses stage one of long-promised Mill Rd upgrade

Chris Bishop keeps the transport announcements coming.

Oliver Lewis 24 Apr 2025
Ministry of Justice seeks market feedback on courthouse PPPs
Policy

Ministry of Justice seeks market feedback on courthouse PPPs

Want to build and maintain three courthouses for 25 years? Now's your chance.

Oliver Lewis 24 Apr 2025
Billions needed for Northwest Busway
Infrastructure

Billions needed for Northwest Busway

The rolling maul of transport-related announcements continues.

Oliver Lewis 23 Apr 2025
Govt shares emerging route for mega Northland expressway
Infrastructure

Govt shares emerging route for mega Northland expressway

It's our single biggest roading project. So where's it going to go?

Oliver Lewis 23 Apr 2025