10 Mar 2009

Profit drop at Port of Auckland

12:55 pm on 10 March 2009

Port of Auckland has announced a fall in half year profit largely due to a sharp drop in imports of used vehicles.

It made $9.3 million in the six months to December, compared to $12.6 million the same period in the prior year.

The 2007 half-year result included a one-off $1.5 million tax credit.

Port of Auckland is the largest port operator in New Zealand.

Container volumes were down by 5% - 6%, but exports were holding up.