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.”
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