Sunday, October 27, 2013

Port of Tauranga Profit's from Profit

Internationally recognized Port of Tauranga has reported a net profit of $112 million after tax. This is an increase of 52% since last year. Now for all you "Share Holder's":

-The net profit includes $38.2million profit on the sale of Port of Tauranga Ltd’s 50 per cent share in freight logistics company C3 Limited.
-The directors have declared a final dividend of 26 cents per share, on top of the interim dividend of 20 cents per share. This total dividend of 46 cents per share is an increase of 18 per cent on last year’s distribution.
-“Overall, we invested $68million in property, plant and equipment in the last financial year,” says Chairman John Parker.
Now for the most of us, normal people(No Offence Intended):
-Port of Tauranga is New Zeland's largest port.
-In the 2012/2013 Cruise Season, there were 84 Cruise Ships. This year there are less but larger ships are coming.
-The Rena wasn't Port of Tauranga's fault.(Just the facts!)
-Port of Tauranga owns part of many New Zealand ports.(Not Auckland)
-Port of Tauranga is internationally recognized.(Never Heard of It?)

That's enough information for my fellow readers. See you soon.

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