Auckland’s throughput down 3.3% as carriers leave New Zealand

Ports of Auckland has increased its profits despite its half-yearly throughput and revenue falling.

The company’s profit was up 9.5% in the financial half-year despite a 2.2% fall in revenue and a 3.3% fall in throughput.

Chief Executive Tony Gibson said: “The first half of the year has been anything but plain sailing. Global trade trends and shipping changes have affected container volumes. As a result, revenue has fallen slightly but profit is up due to lower costs, largely as a result of the timing of repairs and maintenance.”