Port of Tauranga reports $47.2 million profit amid challenging trading conditions
23 Feb 2024 08:49
Port of Tauranga Limited (NZX: POT) today reported a $47.2 million profit for the six months ended December 2023. Earnings were impacted by lower overall trade volumes, especially in imported and transhipped containers, and higher operating costs, including rail charges. Total trade volumes reduced 8.5% compared with the first half of the 2023 financial year, […]
Port of Tauranga improves financial performance as cargo volumes slow
24 Aug 2023 07:45
Financial results for the year ended 30 June 2023 Port of Tauranga Limited (NZX:POT), New Zealand’s largest port, today reported a sound full year result, despite cargo volumes decreasing in the second half of the year. The company reported Group Net Profit After Tax of $117.1 million, a 5.2% increase on the previous year. Total […]
Port of Tauranga Reports Strong Mid-Year Results
24 Feb 2023 08:31
Port of Tauranga Limited (NZX:POT) today reported strong financial results for the first six months of the 2023 financial year, despite decreases in some cargo volumes. Group Net Profit for the six months to December 2022 was $62.7 million, an increase of 11.3% from the same period last year. Total cargo volumes decreased 2.5% to […]
Port of Tauranga announces annual results as congestion lingers
26 Aug 2022 09:09
Financial results for the year to 30 June 2022 Port of Tauranga, New Zealand’s largest port, today reported Group Net Profit After Tax of $111.3 million on 25.6 million tonnes of trade amid ongoing supply chain disruption. The increase in revenue reflected the strong diversity of cargoes, resilient operational performance and ongoing storage revenues due […]
Port of Tauranga improves performance as Covid disruption continues
25 Feb 2022 09:12
Port of Tauranga Limited (NZX:POT) today reported an increase in profits for the first six months of the 2022 financial year as it deals with ongoing cargo volume volatility. Group Net Profit After Tax for the six months to December 2021 was $56.3 million, a 15.6%[1] increase on the same period the previous year, as cargo […]
Port of Tauranga sees strong growth in first quarter despite Covid disruption
29 Oct 2021 14:28
Port of Tauranga, New Zealand’s largest port, today reported a 6.9% increase in total trade to 6.8 million tonnes in the first quarter of the 2022 financial year. Exports increased 5.3% to 4.3 million tonnes and imports increased 9.8% to 2.5 million tonnes. Container volumes increased 8.1% to 310,997 TEUs[1]. Log export volumes increased 2.4% […]
Port of Tauranga result boosted by increased trade volumes and strong Subsidiary and Associate earnings
27 Aug 2021 08:41
Financial results for the year to 30 June 2021 Port of Tauranga, New Zealand’s largest port, today reported Group Net Profit After Tax of $102.4 million, a 15.4% increase, on 25.7 million tonnes of trade. A 14.3% increase in log exports and a 46.0% increase in Subsidiary and Associate Company earnings were balanced by increased […]
Port of Tauranga reports improved profits despite widespread disruption to cargo volumes and operations
26 Feb 2021 08:34
Port seeks consent for an additional berth to help alleviate Upper North Island supply chain congestion Port of Tauranga, New Zealand’s largest port and international freight gateway, today reported increased profitability for the first six months of the 2021 financial year, despite volatile cargo volumes and congestion issues being experienced at Ports of Auckland. Group Net […]
First Quarter Cargo Volumes Impacted by Covid-19
30 Oct 2020 14:16
Port of Tauranga, New Zealand’s international hub port, today reported flat earnings in the first quarter of the financial year, as Covid-19 continues to have an impact on supply chain efficiency and the global economy. From 1 July 2020 to 30 September 2020, Port of Tauranga handled nearly 6.4 million tonnes of cargo, a 5% […]
Port of Tauranga Offers Safe Harbour in a Global Covid-19 Storm
28 Aug 2020 08:40
Financial results for the year to 30 June 2020 Port of Tauranga, New Zealand’s largest port, today reported Group Net Profit After Tax of $90.0 million on 24.8 million tonnes of trade. Despite the ongoing disruption caused by the Covid-19 global pandemic, container volumes increased 1.5% to 1,251,741 TEUs[1] for the year ended 30 June 2020. […]
Container Volumes Continue to Grow at New Zealand’s International Hub Port
28 Feb 2020 08:32
Profits hold steady and cargo growth still expected long-term Port of Tauranga today announced stable profitability for the first six months of the 2020 financial year, despite total cargo volumes dipping 4.2% to just under 13.3 million tonnes. Group Net Profit After Tax was $48.3 million, which was 1.4% lower than the same period the […]
Cargo volumes flat at Port of Tauranga in first quarter of financial year
25 Oct 2019 12:17
Port of Tauranga, New Zealand’s international hub port, today reported a slight decrease in cargo volumes for the first quarter of the 2020 financial year. From 1 July 2019 to 30 September 2019, Port of Tauranga handled nearly 6.8 million tonnes of cargo, a 1.1% decrease on the same period last year. Log exports dropped […]
Growth in Cargo Volumes Contributes to Increased Profit for Port of Tauranga Limited
28 Aug 2019 08:33
FINANCIAL RESULTS FOR THE YEAR TO 30 JUNE 2019 Port of Tauranga, New Zealand’s largest port, today reported record cargo volumes and increased profits for the year to 30 June 2019. Port of Tauranga continues to consolidate its position as New Zealand’s international hub port, with transhipment increasing 11.2%. The Port handled more than 26.9 […]
Port of Tauranga Posts Strong First Half Performance
18 Feb 2019 08:48
FINANCIAL RESULTS FOR THE SIX MONTHS TO 31 DECEMBER 2018 Port of Tauranga (NZX.POT), New Zealand’s largest port, today reported a strong start to the 2019 financial year, with increased cargo volumes contributing to a 4.0% increase in Group Net Profit After Tax to $49.0 million. Highlights Total trade increased 8.8% to nearly 13.6 million […]
New Zealand’s International Hub Port Sees Strong Cargo Growth in First Quarter of Financial Year
17 Oct 2018 15:26
Port of Tauranga today reported first quarter trade volumes grew 8.3% on the same period last year. From 1 July 2018 to 30 September 2018, the Port handled more than 6.6 million tonnes of cargo. The increase was driven by log exports, which were 14.7% higher compared with the previous corresponding period, and transhipped containers, […]
Cargo Growth Produces Record Year for Port of Tauranga
24 Aug 2018 08:32
FINANCIAL RESULTS FOR THE YEAR TO 30 JUNE 2018 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 TEUs[1], while […]
Port of Tauranga Hub Port Role Intensifies
23 Feb 2018 08:37
FINANCIAL RESULTS FOR THE SIX MONTHS TO 31 DECEMBER 2017 Port of Tauranga continues to grow as an international hub port, resulting in increased trade volumes and profits for the first half of the 2018 financial year. Highlights Revenue for the six months to 31 December 2017 increased 12.8% to $141.4 million and net profit […]
Port of Tauranga Sees Strong Quarterly Growth on Back of Increase in Trade
19 Oct 2017 13:02
Port of Tauranga today reported first quarter trade volume growth of 15% on the previous corresponding period. Overall container numbers grew 26%, due to a significant increase in transhipment (containers transferred from one ship to another at Tauranga) in the three months to 30 September 2017. Log volumes increased by 13% compared with the same […]
A Year of Records for Port of Tauranga
25 Aug 2017 08:38
FINANCIAL RESULTS FOR THE YEAR TO 30 JUNE 2017 Port of Tauranga is confirmed as New Zealand’s largest, fastest growing and most productive port as container volumes increase 13.8% to a record of nearly 1.1 million TEU[1]; ships with a capacity of between 7,500 and 11,500 TEUs calling weekly following channel deepening Highlights: Annual container […]
Port of Tauranga On Track for One Million Containers (TEUs)
23 Feb 2017 10:16
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
22 Aug 2016 08:58
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
25 Feb 2016 14:39
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 […]
