Port of Tauranga positive for next year
Thu, 30 Aug 2012 10:04a.m.
By 3 News online staff
Container volumes are on the rise for the Port of Tauranga and that means profits are too.
The port has just posted a 26 percent gain in full-year profit and chief executive Mark Cairns is confident of further growth in the next 12 months.
Mr Cairns told Firstline this morning a 35 percent rise container growth is the biggest positive for the company over the past year.
Mr Cairns says industrial action undertaken by Ports workers earlier this year did affect its results, but the port is more worried about the situation with the Chinese economy.
“We’d be in trouble if China does slow down, given that more than 50 percent of our log exports are to China,” he says.
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