Port of Tauranga annual results gain

Wednesday 29 Aug 2018

 
Cargo Growth Produces Record Year for Port of Tauranga – Port of Tauranga’s hub port strategy is gaining momentum, with growing cargo volumes and increased transhipment driving record results in the year to 30 June 2018.

New Zealand’s largest, fastest growing and most productive port saw container volumes increase 8.9% to nearly 1.2 million TEUs1, while overall cargo volumes increased 10.2% to almost 24.5 million tonnes.

Highlights:

> Log volumes increase 14.3% to 6.3 million tonnes
> Annual container throughput increases 8.9% to almost 1.2 million TEUs
> Transhipment increases 23.3%, making up a quarter of all container traffic
> Exports increase 8.2% to 15.4 million tonnes, while imports grow 13.7% to 9 million tonnes
> Group Net Profit After Tax increases 13.0% to $94.3 million
> Subsidiary and Associate earnings increase 11.9% to $16.4 million
> Annual revenue increases 10.9% to $283.7 million

See Annual Report media release attached.


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