Success a burden for Port of Tauranga

Fri, 23 Aug 2013

By Pam Graham Aug. 23 (BusinessDesk) – Port of Tauranga handled fewer containers in the second half of its financial year compared to the previous year when industrial action plagued rival Ports of Auckland. Analysts are also finding it hard to justify the premium the stock trades at even though it is regarded as a well-managed business with growth prospects. Port of Tauranga’s shares were unchanged at $14.35 in afternoon trading, after falling 2.4 percent on Thursday when the port reported another record result. Net profit of $112.1 milli...

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