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2010 October 11   10:44

Auckland port profit up 8 percent in Q1 of fin 2010-2011

A strong first quarter of the financial year for ports of Auckland was a positive sign for the economy, said managing director Jens Madsen.

Madsen said overall container volumes in the three months to 30 September were up nearly eight percent on the same period last year. Full import containers were up over 10 percent while full export containers were up four percent.

Transhipment volumes increased by over 15 percent reflecting growing use of Auckland as a North Island hub port.

Vehicle units were up by more than 25 percent. This includes cars, trucks and equipment such as farm machinery.

“The increase in import volumes is reflective of the buying appetite of New Zealanders, and could be seen as encouraging as the country works its way out of the 2008/09 recession,” Madsen said.

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