Port of Tauranga

Port of Tauranga's Response to Ports of Auckland's Press Release

Posted on 20th August 2008

Ports of Auckland indicate in their press announcement of today an interest in buying Port of Tauranga’s container business.

Port of Tauranga has always held the view that a full merger of Port of Tauranga and Ports of Auckland makes very good sense.  That view has not changed.

Port of Tauranga’s result for the financial year ending 30 June 2008 will not be announced until Thursday 28 August but Port of Tauranga’s 2007 NPAT of $38 million makes an interesting comparison with Ports of Auckland’s profit announcement today of $21.1 million. 

A rough and ready calculation would suggest that Port of Tauranga’s container business would be worth substantially more than Ports of Auckland’s container business.

For further details, contact:
Mark Cairns
Chief Executive
Port of Tauranga Limited
Ph: 07 572 8829 / 021 978 887

John Parker
Chairman
Port of Tauranga Limited
Ph:  0274 421 854

 Press Release in PDF format (also includes Ports of Auckland's press release)