Port of Tauranga On Track for One Million Containers (TEUs)

FINANCIAL RESULTS FOR THE SIX MONTHS TO 31 DECEMBER 2016 Half year net profit rises to $41.9 million from $38.6 million as the country’s premier freight gateway benefits from rising cargo volumes and continues to set standards for port productivity Highlights: Revenue for the six months to 31 December 2016 rises 2.8% to $125.3 million […]

Port of Tauranga Completes Major Five Year Expansion Programme & Targets $140 Million Capital Return to Shareholders

FINANCIAL RESULTS FOR THE YEAR TO 30 JUNE 2016 Strong container volumes offset a fall in log exports Highlights: Net Profit After Tax down 2.4% to $77.3 million following increase in depreciation charges and downturn in log volumes Parent EBITDA rises 2.2% to $125.7 million as strong growth in container traffic offsets a decline in […]

Hub Port Strategy Builds Tauranga Freight Volumes

FINANCIAL RESULTS FOR THE SIX MONTHS TO 31 DECEMBER 2015 Underlying earnings rise as strong growth in container volumes offsets drop in log exports; harbour dredging clearing the way for larger ship visits to Tauranga by year end. Highlights: Total trade for the six months to 31 December 2015 up 1.1%[1] to 10.1 million tonnes […]