Port of Tauranga has posted record full-year earnings as revenue continued to grow, Dow Jones Newswires reported.
New Zealand's biggest export terminal, based in the northern city of Tauranga, said its underlying earnings after tax for the year to June 30 were US$35.12 million, up 9.3 percent on last year's record profit.
If a one-off non-cash adjustment of $7.46 million due to taxation changes announced in the government's May 20 budget and a $1.7 million impairment to assets values are stripped out, the company said its net profit after tax was $27 million.
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