Port of Tauranga forecasts profit of $79-83 mln for 2017

Thu, 20 Oct 2016

By Edwin Mitson Oct. 20 (BusinessDesk) - Port of Tauranga expects full-year earnings in the range of $79 million to $83 million, an increase on the $77.3 million reported for 2016, according to a transcript of a speech published to the NZX. Chief executive Mark Cairns told shareholders at their annual general meeting that the forecast was given on the assumption that there would be no significant change to market conditions. The prediction would bring the port's profits back into line with the $79 million achieved in 2015. It had for...

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