Port of Tauranga has reported a profit of $47.2 million for the six months ending in December.
The result marks a 24.7% decrease from the same period the previous year.
The company attributed the decline in earnings to lower trade volumes, particularly in imported and transhipped containers, as well as higher operating costs, including rail charges.
Total trade volumes were down 8.5%, while container numbers saw a 15.8% reduction.
However, the port's log exports were boosted by the early harvesting and export of cyclone-damaged trees.
Port of Tauranga's interim dividend was declared at 6 cents per share.
The company's full-year earnings guidance remains unchanged, with expectations of $95m to $107m.
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