Port of Tauranga trims guidance on virus risk

Fri, 28 Feb 2020

Port of Tauranga has trimmed its full-year profit forecast by $2 million on the back of reduced export log volumes due to the coronavirus.The country’s largest port will likely report June-year earnings of $94 million to $99 million, chair David Pilkington said in a statement. In October, the firm had forecast a profit range of $96 million to $101 million, having reported a record net profit of $100.6 million in the year ended June 30.The company today reported a 1.4 percent decline in first-half profit, despite higher container volumes and imp...

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