25 Aug 2011

Port profit down

12:17 pm on 25 August 2011

Profit at Ports of Auckland fell by a third to $23.3 million in the year to the end of June.

But excluding tax changes, asset sales and impairments, the port says normalised profit rose 2%, to $24.9 million.

This was due to a rise in car imports and a record number of containers moving across its wharves.