Profit boost for Ports of Auckland

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 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
Industry Database

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.

In a teaser to its annual result — due out in early December — 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.

CentrePort Wellington illustrated a strong, ongoing rebound from the impacts of the November 14, 2016 Kaikoura earthquake with a 37% rise in underlying net profit after tax and before fair value and earthquake impact adjustments to NZ$11.8m and 16% increase in revenue to NZ$73.8m.

Port Marlborough achieved a 46% increase in net profit after tax to NZ$10.5m and 5% rise in revenue to NZ$28.7m.

Port Nelson delivered a 30% lift in net profit after tax to $NZ14m and 15% increase in revenue to NZ$67.2m.

Contrastingly, PrimePort Timaru returned both a 18% drop in net profit after tax to NZ$3m while also achieving an 18% rise in operating revenue to NZ$22.2m.

LATEST PRESS RELEASES

Important concession for Jan De Nul in Bangladesh

Jan De Nul enters into concession agreement with the Government of Bangladesh for the dredging of Pa... Read more

ShibataFenderTeam offers Berthing Energy Calculation Tool

Calculating the berthing energy of vessels is the first and most important step in the fender design... Read more

New digital technology project that aims to work with North East ports

A NEW programme that aims to pilot smart digital initiatives to boost trade and foster economic grow... Read more

CargoChain – New Zealand’s blockchain solution for global logistics

18 December 2018 - Jade Logistics Group, New Zealand’s leading port software company today announced... Read more

TRELLEBORG TAKES ITS NAVIGATION AND PILOTING OFFERING TO THE MAX

Trelleborg’s marine systems operation has bolstered its industry leading navigation and piloting off... Read more

View all