Ports of Auckland lifts council payout by 281%
The port's underlying result improved, but cancellation of the automation project hit its bottom line.
Ports of Auckland expects to lift profit excluding property revaluations to $35m in 2023.
On a mission to “regain its mana”, Ports of Auckland has lifted its earnings and dividend to the council, but the axing of the automation project dragged down profit.
The Auckland Council-owned port business posted revenue for the 12 months ending June 30 of $265.3 million, up 17.2%, while
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