25 Aug 2012

Port profit

5:46 am on 25 August 2012

Northland Port has reported a profit of $7.6 millionin the year to June, an increase of 62% compared with the previous year.

The company says the result was helped by a $1.5 million gain in its investment property portfolio

Northland Port expects further cargo and revenue growth, with volumes currently forecast to reach 2.9 million tonnes in the current financial year.