Results announcements
Port of Tauranga announces annual results as congestion lingers
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
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
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
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
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
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% […]
