Rising volumes push Port of Tauranga profit outlook higher

Rising volumes push Port of Tauranga profit outlook higher
(Image: NZME)
Staff reporters
Port of Tauranga expects its full-year net profit after tax to fall somewhere between $137 million and $147m.The NZX-listed port company’s container volumes increased 9% to 319,649 TEUs in the first three months to Sept 30.Total trade increased 5.9% in volume compared to the same period last year to 6.6m tonnes.For the 2025 financial year, it reported net profit after tax of $126m.Chief executive Leonard Sampson told the company’s annual meeting the first quarter’s strong performance was underpinned by increased bulk imports a...