Ports of Auckland pilots back to dividend

POAL expects continued congestion and staff shortages. (Image: BusinessDesk)

Mon, 28 Feb 2022

Ports of Auckland (POAL) has reported a respectable result for the six months to December but it expects congestion and labour issues to remain common themes for the rest of the year.New Zealand’s second-largest port, and biggest import terminal, saw net profit after tax jump to $23.5 million, up 72.8% on net profit after tax (NPAT) of $13.6m from revenue of $131.6m. That included a book gain of $8.6m on investment properties, now valued at $165.7m. The port will pay an interim dividend of $2.1m to its shareholder, the Auckland...

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