Ports of Auckland profits hold steady
Ports of Auckland have posted steady profits of $24.9 million for the year to June, up 2.1% on the year prior.
Chief executive Tony Gibson said in a statement the increase was driven by an 11.4% increase in motor vehicle volumes and a 36% increase in revenue from other commodities.
Revenue increased 7% to $177.2 million, and interest costs were pared back to $20.7 million from $21.2 million.
Profit for the year was down 37.3%, after the year prior recorded a $12.8 million gain from unusual items.