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General Business
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Ports of Auckland’s profit drops 29%, coronavirus impact expected

The port’s half-year result reflects big spend up on automation.

The Auckland Council-owned Ports of Auckland has reported a 29% drop in half-year profit to $17.2 million due to higher interest and labour costs and a major investment programme.

And POA chief executive Tony Gibson has warned the outlook is not good due to the impact of the Covid-19

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Fiona Rotherham Mon, 02 Mar 2020
Contact the Writer: fiona@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Ports of Auckland’s profit drops 29%, coronavirus impact expected
General Business,
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