27 Oct 2010

Port of Tauranga trade up 10% in first quarter

8:30 am on 27 October 2010

Port of Tauranga expects strong forestry exports and more containers to boost its profit this financial year.

The company told shareholders at its annual meeting on Tuesday that it is optimistic about the current financial year, and is expecting an improved net profit.

Chief executive Mark Cairns says strong forestry exports and more container cargo being shipped through other ports to Tauranga have made for an encouraging first quarter of trading.

He said trade was up 10%, container volumes up 25% and earnings were 10% higher than the prior quarter.