Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


Ports of Auckland half-year profit up 70%

Ports of Auckland half-year profit up 70%

Record efficiency and volumes boost bottom line

HIGHLIGHTS

· Unaudited net profit after tax (NPAT) increased by 70% to $26.4m for the six months ended 31 December 2013, compared to $15.5m for the same period last year.

· An interim dividend of $20.94m will be paid to Auckland Council Investments Limited, for the benefit of ratepayers. This compares to a dividend of $11.56m for the same period last year.

· Port Operations EBIT was up 47.1% to $40.4m for the six months.

· Total container volumes for the six-month period were up 15.1% to 476,333 TEU, from 413,884 TEU in the same period last year.

· Full import containers were 19.9% higher and full exports 12.9% higher than the same period last year.

· Break-bulk (non-containerised, including vehicles) cargo volumes were up 41.9% to 2.87 million tonnes compared to 2.02 million tonnes in the same period last year.

· Car numbers were up 29.3% to 99,710 units, from 77,122 units in the same period last year.

· Port operating costs excluding depreciation were up 4.6% to $56.8m.

Ports of Auckland today announced a 70% increase in half-year profit, as rising productivity attracted more customers. Freight volumes lifted across the board, with a record number of containers handled in the six months to December 31.

Ports of Auckland CEO Tony Gibson said “Our productivity has gradually improved since we started restructuring in 2011. As we’ve delivered more of what our customers want, so they’ve rewarded us with more business. In effect the restructuring has enabled us to take advantage of an improving economy and Auckland’s continuing growth.”

Since 2011 Ports of Auckland has reorganised its management structure, improved container handling and its use of technology, and lifted labour utilisation, with 60 per cent of stevedores now working a flexible shift and roster system.

“Looking ahead, we are focussing on developing our leaders, increasing opportunities for women, particularly in operational and management roles, and investing in the training required to prepare our people for the future,” he added.

“2014 has started well, with volumes holding up across all areas, and as a result we recently announced new investment to support on-going growth: a larger new tug to handle bigger ships, and two new straddle carriers to cope with the rising container numbers.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PM's Press Conference: Crime And Diplomacy

The Prime Minister's press conference today was dominated by foreign affairs and an open letter from the PM to the Chinese community on crime. More>>

ACC: Govt Caught In Unethical Cluster Bomb Investments

The ACC Fund admitted that it had $1.4 million invested in cluster munitions and nuclear weapons manufacturer Lockheed Martin. Before responding to the Green Party’s request for information,however, ACC sold its Lockheed investment and updated its ethical investment policy. More>>

ALSO:

Local Governments To Decide: Easter Trading Bill Passes

The union representing working people in the retail industry is condemning the Government for whipping its MPs to pass the controversial Shop Trading Hours Amendment Bill. More>>c

ALSO:

Departure Speech: Governor-General’s State Farewell Luncheon

"...Unfortunately I was unable to get to the Antarctic, the Chatham Islands and the Kermadecs. A dicky heart thwarted our travel to the Antarctic; and even though I volunteered to parachute into the Kermadecs to join the Young Blake expedition, time, commitments and officials frustrated my plans to visit the Kermadecs and Chathams." More>>

ALSO:

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Regional
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news