OCEANIA

Profit boost for Ports of Auckland

8 years ago

Ports of Auckland has returned a comparable 8% increase in underlying profit after tax to NZ$59.2m and 9% rise in revenue to NZ$243.2m for the 2017-2018 financial year — albeit, incurring NZ$17.6m in items related to asset-valuation changes and impairments.

Napier Port has declared a 6% rise on the 4.75m tonnes of total cargo accommodated in 2016-2017 to surpass five million tonnes’ throughput for the first time (image is of the port in 2013) Photo: russellstreet/flickr/CC BY-SA 2.0

Ports of Auckland has returned a comparable 8% increase in underlying profit after tax to NZ$59.2m and 9% rise in revenue to NZ$243.2m for the 2017-2018 financial year — albeit, incurring NZ$17.6m in items related to asset-valuation changes and impairments.