Port of Tauranga boosts forecast, despite headwinds

It's been a promising start to the year, with export volumes up. (Image: Supplied)

Fri, 29 Oct 2021

Port of Tauranga has forecast net profit after tax of between $103 million to $110m for the full year – despite the choppy waters of an unpredictable global supply chain.The listed port, New Zealand's biggest, reported a net profit after tax of $102.4m for the year to June. That was despite 106 fewer container vessel visits over the year.The positive prognosis is based on a fast start to the financial year, with total trade increasing 6.9% to 6.8m tonnes for the Sept quarter.Container volumes are up 8.1% to 311,000 twenty-foot-equival...

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