Port of Tauranga gears up for arrival of larger ships
Analyst says: “We find it difficult to justify paying anything close to the current price.” With special audio feature.
Calida Smylie Thu, 18 Feb 2016
Port of Tauranga [NZX: POT] delivered a flat result, as weaker log exports were offset by stronger cargo volumes.
The port reported a 9% drop in first-half profit to $38.6 million, from $42.6 million a year earlier – which had been bumped up by a $4.1 million one-off gain from an asset sale.
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