Port Taranaki lifts 2018 dividend on increased profit

Tue, 21 Aug 2018

By Sophie Boot Aug. 21 (BusinessDesk) - Port Taranaki lifted net profit 14 percent in the latest financial year on increased revenue, and paid a bigger dividend to its sole shareholder, the Taranaki Regional Council. In the year to June 30, net profit rose 14 percent to $8.3 million, on a 9 percent lift in revenue to $45.6 million. The port will pay a $9 million dividend to the regional council, up $1 million from a year earlier. It has paid higher dividends to the regional council over the past few years, lifting the payment to $8 millio...

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