Port of Tauranga trims guidance on virus risk

Port of Tauranga trims guidance on virus risk
Gavin Evans
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...

More Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down
Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down

He won't go until the annual meeting in September, however.

Riley Kennedy 02 May 2024
John Penno quits Synlait board as George Adams elected chair
Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 01 May 2024
NZ startup Jooules is turning CO2 into protein
Primary Sector

NZ startup Jooules is turning CO2 into protein

Jooules’ fermentation tech aims to mitigate world hunger and climate change.

Ben Moore 01 May 2024