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Port of Tauranga mid-year profit up despite rough waters 25 Feb, 2021 07:32 PM 6 minutes to read Port of Tauranga confident of its own abilities amid supply chain congestion. Photo / Supplied Port of Tauranga turned in a mid-year 2.3 per cent increase in group net profit after tax, despite volatile cargo volumes and fallout from supply chain congestion and severe ship delays at Auckland. Group net profit after tax for the first six months of the 2021 financial year to December was $49.4 million, achieved despite a 1.3 per cent decrease in total trade volumes to 13.1m tonnes. Revenue was $159....

Port of Tauranga has slightly increased its profits. Photo: Nigel Waters/ Unsplash Port of Tauranga's net profit for the six months ended December was $49.4 million, up 2 percent from a year ago. Revenue was up 3 percent to nearly $160m, even though the number of ships calling was down about 15 percent, so less cargo and containers arrived. Port chief executive Mark Cairns said strong performance from its various businesses, stevedoring, logistics, and stakes in ports in Timaru and Northland helped to lift the overall result. "It is having a very significant effect - we had 11 vessels divert...

Port of Tauranga Reports Improved Profits Despite Widespread Disruption to Cargo Volumes and Operations Port of Tauranga, New Zealand’s largest port and international freight gateway, today reported increased profitability for the first six months of the 2021 financial year, despite volatile cargo volumes and congestion issues being experienced at Ports of Auckland. Group Net Profit After Tax for the six months to December 2020 was $49.4 million, a 2.3% increase on the same period the previous year, despite a 1.3% decrease in total trade volumes, to 13.1 million tonnes. Container numbers de...

Port of Tauranga Reports Improved Profits Despite Widespread Disruption to Cargo Volumes and Operations Port seeks consent for an additional berth to help alleviate Upper North Island supply chain congestion Port of Tauranga, New Zealand's largest port and international freight gateway, today reported increased profitability for the first six months of the 2021 financial year, despite volatile cargo volumes and congestion issues being experienced at Ports of Auckland. Group Net Profit After Tax for the six months to December 2020 was $49.4 million, a 2.3% increase on the same period the previ...

By ITV News Multimedia Producer Kavita Patel But lawyers have said the ruling could leave Uber facing a hefty compensation bill, and have wider consequences for the gig economy. The gig economy, where people tend to work for more than one company as a contractor on a job-by-job basis, has faced fierce criticism from unions who say it is exploitative despite businesses citing flexibility as an advantage. There is likely to be a knock-on effect for other companies within the gig economy, an economy thought to provide work for some five million people. How could Uber's Supreme Court ruling affe...