Port of Tauranga full-year profit edges up 1% as growth in export volumes stalls

Wed, 19 Aug 2015

By Jonathan Underhill Aug. 20 (BusinessDesk) - Port of Tauranga's annual profit growth slowed to 1 percent as log export volumes, which drove growth in 2014, declined, leaving total export volumes unchanged. Revenue growth also stalled. Profit was $79.1 million in the 12 months ended June 30, from $78.3 million a year earlier, the Tauranga-based company said in a statement. Profit met the guidance it gave in February. Operating revenue rose to $268.5 million from $266.5 million. New Zealand's biggest port for commodity exports such as...

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