Tauranga 'game-changer' to boost Timaru port's 2015 profit

Thu, 18 Sep 2014

By Tina Morrison Sept. 18 (BusinessDesk) - PrimePort Timaru, the South Island hub which has aligned itself with Port of Tauranga, expects a turnaround in its fortunes as it benefits from its tie up with the country's busiest export port. The Timaru port posted a 12 percent increase in profit to $1.9 million in the year ended June 30. It expects profit to rise further in 2015 as it benefits from increased shipping traffic coming from its link with Tauranga, chairman Roger Gower said. In the past year, PrimePort sold half its shares and...

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