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Port of Tauranga shows resilience amid economic and supply chain challenges
Financial results for the year ended 30 June 2024 Port of Tauranga Limited (NZX:POT) today reported improved cargo volumes in the second half of the financial year, as New Zealand’s largest port again proved its resilience in the face of economic headwinds. Amid significant domestic and international supply chain challenges, total cargo volumes for the […]
Tax changes to affect Port of Tauranga profit
Port of Tauranga Limited (NXZ: POT) today announced that changes to tax legislation will result in an $12.9 million impact to the Group Net Profit After Tax for the year ending 30 June 2024. Port of Tauranga Chief Executive, Leonard Sampson, said the law change for depreciation on commercial buildings would result in the company […]
Port of Tauranga announces new Director Sir Robert McLeod and retirement of Alastair Lawrence
Port of Tauranga Limited (NZX: POT) today announced that former Director Sir Robert McLeod KNZM will re-join the Board of Directors following the retirement of Alastair Lawrence. Sir Rob was formerly a member of the Board in his capacity as Chair of Quayside Holdings, the investment arm of Bay of Plenty Regional Council and majority […]
Port of Tauranga reports $47.2 million profit amid challenging trading conditions
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, […]
Interim decision by the Environment Court
Port of Tauranga Limited has received an interim decision of the Environment Court provisionally granting resource consent for Stage 1 of its planned Sulphur Point wharf extension, subject to further matters being addressed to the satisfaction of the Court. Stage 1 involves constructing 285 metres of additional berth to the south of the Port’s existing […]
Port of Tauranga reports lower cargo volumes in first quarter
Port of Tauranga Limited (NZX:POT) today reported a drop in cargo volumes in the first quarter of the 2024 financial year. In the three months to 30 September, total trade was down 9.0% in volume compared to the same period last year, to 5.8 million tonnes. Port of Tauranga Chief Executive, Leonard Sampson, told the […]
