Port of Tauranga sees annual earnings growth up to 6.1%

Thu, 23 Oct 2014

By Paul McBeth Oct. 23 (BusinessDesk) - Port of Tauranga, the country's biggest coastal export hub, sees annual earnings growth of up to 6.1 percent and expects to finish plans to enable big ships to dock at its wharves over the coming year. The port operator forecasts annual profit of between $78 million and $83 million in the year ending June 30, 2015, compared to earnings of $78.2 million in 2014, chief executive Mark Cairns told shareholders in Tauranga today. The company anticipates spending another $50 million dredging the harbour t...

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