Northland Port 1H profit rises 15 percent on increased log volumes

Mon, 25 Feb 2013

Feb. 26 (BusinessDesk) – Northland Port, the investment company that owns half of Northport, reported a 15 percent increase in first-half profit on increased export log volumes across the wharves at Marsden Point. Profit rose to $3.67 million in the six months ended Dec. 31, from $3.2 million a year earlier. Operating revenue rose 18 percent to $4.92 million. Northland Port is 54 percent owned by Northland Regional Council and about 20 percent by Ports of Auckland. It owns 50 percent of Northport, with the remainder held by Port of Tauranga....

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