CentrePort bucks the trend, posts improved profits

CentrePort posted an improved profit in the first half of the 2024 financial year. (Image: CentrePort)

Mon, 04 Mar 2024

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...

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