Port of Auckland records 22% jump in operating profit amid 'tough' economic conditions

Port of Auckland attributes the uptick in container volumes to improved operational performance. (Image: POAL)

Thu, 22 Aug 2024

Port of Auckland has delivered an operating result at the upper end of its upgraded guidance, bolstered by a record cruise season and throughput improvements at the container terminal.The Auckland Council-owned company reported an after-tax operating profit of $55.2 million for the year to June 30, although this excludes things such as property revaluations and the impact of a law change for depreciation on commercial buildings.The underlying profit result is up 22% on the 2023 year and means Port of Auckland (POAL) will pay full-year divi...

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