Port of Tauranga Reports Improved Profits Despite Widespread Disruption to Cargo Volumes and Operations
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 Profit After Tax for the six months to December 2020 was $49.4 million, a 2.3% increase on the same period the previous year, despite a 1.3% decrease in total trade volumes, to 13.1 million tonnes. Container numbers decreased 4.6% compared with the previous corresponding period, to 612,988 TEUs.
Highlights and Challenges
• Group Net Profit After Tax increased 2.3% to $49.4 million
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 Profit After Tax for the six months to December 2020 was $49.4 million, a 2.3% increase on the same period the previous year, despite a 1.3% decrease in total trade volumes, to 13.1 million tonnes. Container numbers decreased 4.6% compared with the previous corresponding period, to 612,988 TEUs[1].
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