JOC Staff | Feb 22, 2013 3:33PM EST
The Port of Tauranga in New Zealand reported container volume in the last six months of 2012 was 431,840 20-foot-equivalent units, jumping 25.5 percent year-over-year from 344,081 TEUs.
Traffic at MetroPort, the Port of Tauranga’s inland port in Auckland’s industrial belt, played a pivotal role in the Port of Tauranga’s container volume increase. MetroPort traffic rose 25.6 percent to 101,440 TEUs, from 80,746 TEUs in the same period in 2011.
Half-year trade volume rose 10 percent to 9.4 million metric tons, compared with 8.5 million metric tons in the same period in 2011. Total exports increased 16.0 percent to 6.4 million metric tons, up from 5.5 million metric tons, with strong gains in forestry and dairy products. Import volume remained steady at just under 3 million metric tons.
The port’s profit after tax increased to $74.2 million in the last six months of 2012, compared with $34.6 million during the same period in the previous year. This included a net gain of $35.0 million on the sale of the company’s 50 percent share in C3 Limited in November 2012. Underlying profit in the last six months of 2012 was $39.2 million, increasing 13.4 percent year-over-year from $34.6 million.
Half-year revenue was $118.6 million, rising 12.2 percent from $105.7 million for the same six months in 2011.