UPDATE: Port of Tauranga's Cairns 'relieved' to have revenue growth as capex programme ends

Wed, 22 Feb 2017

(Recasts to reflect CEO comments, updates shares) By Jonathan Underhill Feb. 23 (BusinessDesk) - Port of Tauranga chief executive Mark Cairns says he's relieved to see revenue growth as cargo volumes grow at New Zealand's biggest port, after the completion of a five-year, $350 million capital spending programme that included preparing for bigger ships. Revenue rose 2.8 percent to $125 million in the six months ended Dec. 31 as export volumes climbed 9 percent to 7.1 million tonnes and imports rose 7 percent to 3.9 million tonnes, the p...

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