Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Waterfront businesses leading the way in AK's transformation

Media release

19 February 2014

Waterfront businesses leading the way in Auckland’s economic transformation

A boost in profits for two key Auckland companies shows the economic potential that the central city and waterfront can offer Auckland, say Mayor Len Brown and Councillor Penny Webster chair of the Finance and Performance Committee.

The pair welcomed the Ports of Auckland announcement today that its half-yearly net profit after tax is up 70 per cent. It comes the day after Precinct Properties announced a 67 per cent lift for the same period.

Len Brown said: “These results reinforce the opportunities we are seeing for transformative growth in Auckland’s economy. Ports of Auckland has taken great strides to increase its productivity and output over the past year, and as a result ratepayers will benefit from an interim dividend of $20.94m.

“Precinct Properties is a great example of the private sector keen to work with the council in the transformation of the city – bringing significant new investments and an enthusiasm to align their developments with the CRL.”

Penny Webster said: “I’m very pleased with the Ports result on the back of the Auckland International Airport dividend. The interim dividend is nearly double last year’s, with steadily increasing freight volumes as POA has begun to see the benefits of its restructuring. ”

Both welcomed Precinct Properties’ discussions with Waterfront Auckland to be potentially involved in Wynyard Central, a key element of the regeneration of Auckland’s downtown waterfront.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Wheeler Downplays Scope For ‘Large’ Rates Fall

Reserve Bank governor Graeme Wheeler says some market commentators are predicting further declines in interest rates that would only make sense for an economy in recession, although some easing is likely to be needed to maintain New Zealand’s economic growth. More>>

ALSO:

Ruataniwha Dam: Consent Conditions Could Mean Reduced Intensity

Legal advice sought by the Hawke’s Bay Regional Council on the Ruataniwha Dam consent conditions has confirmed that farmers who sign up to take water from the dam could be required to reduce the intensity of their farming operation to meet the catchment’s strict nitrogen limit. More>>

Health And Safety: Bill Now Sees Rules Relaxed For Small Businesses

Health and safety law reform sparked by the Pike River coalmine disaster has been reported back from the industrial relations select committee with weakened requirements on small businesses to appoint health and safety representatives and committees. More>>

ALSO:

Bearing Fruit: Annual Fruit Exports Hit $2 Billion For First Time

The value of fruit exported rose 20 percent (up $330 million) for the June 2015 year when compared with the year ended June 2014. Both higher prices and a greater quantity of exports (up 9.0 percent) contributed to the overall rise. More>>

ALSO:

Interest Rates: NZ Dollar Jumps After RBNZ Trims OCR

The New Zealand dollar jumped more than half a US cent after Reserve Bank governor Graeme Wheeler cut the official cash rate by a quarter-point and said the currency needs to be lower, while dropping a reference to criteria that justified intervention. More>>

ALSO:

Drones: New 'World-Class' Framework For UAVs

The rules, which come into effect on 1 August, recognise the changing environment and create a world-class framework that accommodates ongoing development while still ensuring the safety of the public, property and other airspace users. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news