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Ports of Auckland reports improved half-year profit of $20.8m

Author
Newstalk ZB,
Publish Date
Wed, 22 Feb 2023, 7:48PM
(Photo / NZ Herald)
(Photo / NZ Herald)

Ports of Auckland reports improved half-year profit of $20.8m

Author
Newstalk ZB,
Publish Date
Wed, 22 Feb 2023, 7:48PM

Ports of Auckland are reporting a half-year profit of $20.8 million and an interim dividend of $15 million.

A turnaround in container traffic and higher prices have contributed to these improved earnings, compared to $14.8 million from the year before.

Ports of Auckland CEO Roger Gray forecasts that they'll meet mayor Wayne Brown's expectation of a $30m dividend within the year.

Roger Grey says mayor Wayne Brown 'couldn't complain' that the Ports were bringing in more money.

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