New Zealand's Port of Tauranga posted record first-half earnings as total cargo and container volumes continued to rise, reported Dow Jones Newswires.
The country's biggest export terminal, based in the northern city of Tauranga, said net profit for the six months ending December 31 was US$28.7 million, up 22 percent from the same period a year earlier.
It said trade volumes across the port over the six-month period increased 9.6 percent while container numbers increased 17 percent from the same period last year.
Port of Tauranga chief executive Mark Cairns said the company expects fiscal-year, after-tax earnings to be around $57 million.
The company expects to benefit from six new shipping services, a higher number of cruise-ship visits and the relocation of dairy giant Fonterra Co-Operative Group's upper North Island export business to Tauranga from the end of January.
The country's biggest export terminal, based in the northern city of Tauranga, said net profit for the six months ending December 31 was US$28.7 million, up 22 percent from the same period a year earlier.
It said trade volumes across the port over the six-month period increased 9.6 percent while container numbers increased 17 percent from the same period last year.
Port of Tauranga chief executive Mark Cairns said the company expects fiscal-year, after-tax earnings to be around $57 million.
The company expects to benefit from six new shipping services, a higher number of cruise-ship visits and the relocation of dairy giant Fonterra Co-Operative Group's upper North Island export business to Tauranga from the end of January.