24 Oct 2013

Port of Tauranga issues earnings forecast for 2014

6:59 pm on 24 October 2013

Port of Tauranga is forecasting full year earnings to be between $77 million and $81 million for 2014.

The listed port operator made an underlying net profit of $77 million in the last financial year.

It told shareholders at its annual meeting that for the three months to September, trade was up 6%, log exports rose 24%, while containers fell 13%.