UPDATE: Port of Tauranga lifts annual profit 6.7% on record cargo volumes

Tue, 27 Aug 2019

(Updates with special dividend details from 6th paragraph and details of cargo trends from 9th paragraph) By Jenny Ruth Aug. 28 (BusinessDesk) - Port of Tauranga lifted annual net profit 6.7 percent on record cargo volumes with sales rising 10.4 percent. Net profit for the year ended June was $100.6 million compared with $94.3 million the previous year on sales of $313.3 million. The port, which is 54 percent owned by the investment arm of the Bay of Plenty Regional Council, handled more than 26.9 million tonnes of cargo, up 10.2 pe...

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