Port of Tauranga overcomes disruption, posts improved profit

Port of Tauranga group reported a $111.3m net profit for the 2022 financial year. (Image: Port of Tauranga)

Fri, 26 Aug 2022

In a year of ongoing supply chain issues and increased costs, the largest port in the country still managed to lift its annual profit. Port of Tauranga reported a net profit of $111.3 million in the 12 months ended June 30, up 8.7% on the previous year. The result was largely driven by the port itself, with a 16.2% decline in earnings from subsidiary companies and associated businesses such as its stakes in Northport, PrimePort and Coda, which contributed $15m to earnings. Chief executive Leonard Sampson said this was due to comm...

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