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New Zealand ports report solid financials

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Mar 15, 2018 - Good financial performances were reported in Auckland, Tauranga, and Taranaki.  Solid financial performances have been reported by the ports of Auckland (PoAL), Tauranga, and Taranaki during the six months to December 31st, 2017, Port Strategy reported.

PoAL reported a comparable 9.1 percent increase in revenue to NZD 120.6 million and flat net after-tax profit of NZD 29.2 million, with container throughput rising 3 percent, total general cargo volume lifting 4.7 percent, vehicle throughput increasing 2.1 percent and cruise ship calls rising 50 percent.

Meanwhile, Port of Tauranga achieved a 12.8 percent rise in revenue to NZD 141.4 million and 12.6 percent increase in net after-tax to NZD 47.1 million, with container throughput lifting 15.8 percent, total trade rising 13.4 percent, transshipment volumes increasing 47.6 percent and log exports lifting 12.5 percent.

Port Taranaki reported a 14 percent rise in total revenue to NZD 24.3 million and 34 percent increase in net after-tax profit to NZD 6.1 million, with total trade lifting 6 percent, dry bulk cargoes rising 53 percent, log exports increasing 63 percent and vessel calls rising 19 percent.

Source:  BulkWeek  ||  March 15, 2018   |||