Port of Tauranga posts record results

Port of Tauranga reported a record interim result of US$21.15 million, up 23 percent on the corresponding period the previous year, reported Dow Jones Newswires.


The increased profit follows an 18 percent increase in trade volumes, with exports up 13 percent and imports up 29 percent on the corresponding period last year.


Notable cargo increases included; fertiliser (up 150 percent), stock feed supplements (up 74 percent), log exports (up 15 percent), and container numbers (up 23 percent).


Port of Tauranga chief executive Mark Cairns said excellent performances across all business divisions and associate/subsidiary companies, including recently-acquired Tapper Transport, have contributed to the improved profit.
(Source:http://www.cargonewsasia.com)