Ports of Auckland’s net profit down 4.7%
New Zealand port operator Ports of Auckland’s net profit for its fiscal year ended June 30, were down 4.7 percent to NZ$42.2 million ($29.9 million), compared to NZ$44.3 million in the previous year.
Operating revenue reduced 4 percent to NZ$61.6 million ($43.7 million) for the six-month period compared to NZ$64.2 million in 2004.
Revenue declined 1.2 percent to NZ$70.1 million ($49.7 million) from NZ$71 million.