Ports of Auckland posts results for the year to 30 June 2014
Ports of Auckland has reported improved results for the year to 30 June 2014, reflecting increases in both labour productivity and volumes across all port operations, the company said in its press release.
Trading profit before income tax was $73.5m, up 65.5% on last year’s result of $44.1m
Net profit after tax of $74m is 90% up on last year’s result of $38.9m
The declared dividend for the financial year is $66.6m, up 126% on the 2012/13 dividend of $29.5m
Breakbulk (non-containerised) volume was up 26% on last year to 5.679m tonnes
Container volumes increased by 18.3% to 968,741 from 818,819 TEU last year
“We had an outstanding year”, said Chief Executive Tony Gibson. “Container volumes recovered and the volume of non-containerised freight increased to record levels.” “Productivity has been increasing since restructuring started in 2011 and has hit new highs this year. Productivity has been the key to our success right across the port, enabling us to smoothly handle record numbers of cars, containers and other freight.”
