Ports of Auckland profit drops 15% on Bledisloe costs, container volumes unexpectedly rise

Thu, 10 Sep 2015

Sept. 11 (BusinessDesk) - Ports of Auckland posted a 15 percent decline in full-year profit as sales ebbed and the Auckland Council-owned company recognised costs related to the Bledisloe Wharf extension after the resource consents were quashed by the High Court. Profit was $63.2 million in the 12 months ended June 30, from $74 million a year earlier, the port company said in a statement. Sales fell to $218.3 million from $221.2 million, which it said reflected the sale of its Connlinx unit, which managed the Wiri Freight Hub in South Auckla...

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