Infrastructure

Port of Tauranga 1st-qtr cargo down 5%

Gavin Evans
Fri, 30 Oct 2020

Gavin Evans
Fri, 30 Oct 2020
Port of Tauranga said net profit for the September quarter fell slightly as cargo handled slid 5 percent to just under 6.4 million tonnes.The country's largest port said unaudited net profit fell to $21.5 million for the three months, down from $21.7 million a year earlier.Given that performance for the first quarter of the company’s financial year, and the ongoing impact of the pandemic on the global economy, chief executive Mark Cairns said full-year earnings of between $86 million and $93 million were expected.The firm’s shar...

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