Ports of Auckland net profit rises 27%; dividend flat on year

Wed, 03 Oct 2018

By Rebecca Howard Oct. 3 (BusinessDesk) - Ports of Auckland reported a 27 percent lift in net profit, boosted by some one-off gains and a full year of revenue from its Nexus Logistics and Conlinxx units. Reported net profit for the year to June 30 was $76.8 million, up from $60.3 million the year before. But that included $17.6 million for items related to asset valuation changes and impairments, compared to $5.3 million in the 2017 year. Ports of Auckland will pay a dividend of $51.1 million to the Auckland Council, slightly down from $5...

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