2024 Port of Tauranga underlying operating profit dropped 12.8% to $102.7m due to reduced container and cargo volumes.

Port of Tauranga's underlying operating profit dropped by 12.8% to $102.7m in 2024, from $117.1m in 2023, primarily due to reduced container and cargo volumes. The decline coincided with challenging economic conditions. Although the first half of 2024 faced soft trade volumes and consumer demand, the port's second-half performance showed signs of improvement, with containers up 13.7% and total trade increasing by 3.3%.

August 23, 2024
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