Northland Port posts 3.7 percent rise in first half profit; cargoes growing

Fri, 28 Feb 2014

By Tina Morrison Feb 28 (BusinessDesk) – Northland Port Corp, which owns half of the Whangarei port operating company, posted a 3.7 percent rise in first half profit as it moved more cargo and it expects a continuation of the trend will boost annual earnings. Net income increased to $3.8 million in the six months ended Dec 31, from $3.7 million in the year earlier period, the Ruakaka-based company said in a statement. Revenue rose 7 percent to $5.3 million. Northland Port, which gets the bulk of its earnings from port operations, said cargo...

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