Port of Taranaki profit jumps 57% after record revenue on offshore oil and gas exploration

Fri, 26 Sep 2014

By Suze Metherell Sept. 26 (BusinessDesk) - Port of Taranaki lifted annual profit 57 percent after it reported record revenue servicing the offshore oil and gas exploration industry. Profit rose to $11.7 million in the 12 months ended June 30, from $7.5 million a year earlier, the New Plymouth-based port said in its annual report. Sales rose 23 percent to $55.2 million, the highest ever for the ocean hub. It boosted its dividend 25 percent to $3.7 million, payable to its only shareholder, the Taranaki Regional Council. The port benefit...

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