Port of Auckland upgrades earnings guidance as lease decision looms

Port of Auckland upgrades earnings guidance as lease decision looms
Port of Auckland has upgraded its earnings guidance for the 2024 financial year. (Image: POAL)
Oliver Lewis
Port of Auckland has upgraded its earnings guidance from $52 million to $52-55m as it continues to win back market share from Port of Tauranga.The port, owned by Auckland council, released the updated guidance on Thursday as councillors continue to mull a proposal, which was consulted on as part of the long-term plan (LTP), to sell an operating lease for the port.Consultants engaged by the council put the indicative value of a 30-year lease at $2 billion – proceeds Auckland mayor Wayne Brown wants to put towards a diversified fund for the...

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