Ports of Auckland 1H profit falls 17 percent as container volumes drop

Thu, 21 Feb 2013

Feb. 22 (BusinessDesk) – Ports of Auckland, whose operations have been disrupted by a drawn-out industrial dispute that scared off customers, posted a 17 percent decline in first-half profit on reduced container volumes and an absence of year-earlier one-time gains. Profit fell to $15.5 million in the six months ended Dec. 31, from $18.6 million a year earlier, the city-owned port company said in a statement. Revenue from port operations fell 5.8 percent to $90.1 million. Container volumes fell 8.9 percent to 413,884 twenty-foot equivalent un...

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