20 Feb 2015

Ports of Auckland lifts first-half profit

3:19 pm on 20 February 2015

Ports of Auckland has lifted its half year net profit, thanks to a jump in car imports and an unexpected rise in container volumes.

The port's net profit increased 9.5 percent to $28.9 million in the six months to December compared with the same period a year earlier.

It will lift its dividend payout to its owner, the Auckland Council, by nearly 22 percent to $25.5 million.

Ports of Auckland chief executive Tony Gibson said his port's high productivity and proximity to New Zealand's largest market had helped it retain existing customers, as well as attracting new business.

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