Port of Tauranga says earnings growth may stall in 2016 on weaker log volumes, dairy impact

Thu, 22 Oct 2015

By Jonathan Underhill Oct. 22 (BusinessDesk) - Port of Tauranga, New Zealand's biggest port company, says earnings growth may stall in 2016 in the face of uncertainty over log and dairy volumes, which may offset growth in containers. The Tauranga-based company, which is aiming to be the nation's dominant hub port, may report earnings similar to last year's $79.1 million, which itself was a gain of just 1 percent on the year and reflected a drop in log volumes. Chief executive Mark Cairns told shareholders at their annual meeting that over...

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