Port of Auckland beats forecast with $85.4m record profit

Port of Auckland beats forecast with $85.4m record profit
Port of Auckland sees a rosy future from fast-tracked wharf extensions. (Image: Garth Bray)
Garth Bray
Port of Auckland has overtaken financial forecasts with a record $85.4 million underlying net profit after tax (unpat), up 55% on last year’s unpat of $55.2m and ahead of $75-80m guidance at half year.That meant 460 port workers covered by a collective employment contract each received a $2000 (gross) bonus today, up from a $1500 bonus payment a year ago. “We're trying to build a resilient business that performs, and we’re really happy with how that's gone this year,” chief financial officer Andrew...

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