Revenue: at $244.1m, up 8.5% on the comparable $225m
Profit: 16.6% improvement in npat to $70.2m
Main takeaway: The high-volume dairy trade started slowly, and log exports are also down, but kiwifruit crop estimates looked good for the second half and the port was optimistic of consent for its wharf expansion by September.
Port of Tauranga expects its net profit after tax to sit between $142 million and $152m for the full year, in the wake of a 16.6% improvement in npat to $70.2m for the first six months.
That supplants the port’s prior top range of $147m, which it issued in October, and comes on the back of total
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Key points
Revenue: at $244.1m, up 8.5% on the comparable $225m
Profit: 16.6% improvement in npat to $70.2m
Main takeaway: The high-volume dairy trade started slowly, and log exports are also down, but kiwifruit crop estimates looked good for the second half and the port was optimistic of consent for its wharf expansion by September.
