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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.

Andrew Bevin Wed, 31 Aug 2022

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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Andrew Bevin Wed, 31 Aug 2022
Contact the Writer: andrew@nbr.co.nz
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Ports of Auckland lifts council payout by 281%
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