Port of Tauranga says earnings are holding up well, as cost-cutting offsets a fall in volumes passing over its wharves.
Profit rose slightly to $21.1 million in the September quarter. Trading fell 8% while container volume plunged 25%.
Chief executive Mark Cairns says trading remains tough as ships lie idle.
He told shareholders at the annual meeting of the listed port company in Tauranga on Thursday that he's sticking with earlier predictions the port will make a similar full year profit to last year's $45 million.
