News and events
August 2010
RECORD PROFIT FOR PORT
Port of Tauranga has announced after-tax earnings of over $49m for the year ended 30 June – a 9.3% increase on last year. The figure was earned on revenue of $148m, up $4.4m on the previous year, following the company's decision to defer an increase in tariffs during the year. “The Port of Tauranga's diversity of income streams and cargoes, together with a strong focus on controlling costs, has helped shield it from turbulent economic times,” says chairman John Parker. Total trade for the year was up 2.4% to 13.748m tonnes, with exports increasing more than 8% to 9.19m tonnes. Port of Tauranga significantly increased its market share in total cargo volumes to cement its position as New Zealand's largest port, handling 80% more than nearest competitor Port of Auckland.
