Port of Tauranga operating profits slip 12.8% in 'year of two halves'

Port of Tauranga has applied to use new fast-track consenting legislation. (Image: Port of Tauranga)

Fri, 23 Aug 2024

Port of Tauranga has reported a 12.8% decrease in underlying operating profit, with downturns in container and cargo in line with challenging economic conditions.The largest port in the country reported its results for the 2024 year to the NZX on Friday. The overall group – including contributions from its stakes in PrimePort and Northport – posted underlying net profit after tax (NPat) of $102.7 million, down from $117.1m in the 2023 year.The result excluded the impact of a legislative change removing businesses' ability t...

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