The Port of Tauranga may grow beyond expectations in the coming year, a financial analyst says.
FNZC analyst Paul Turnbull says he expects the port to make around $93.3 million net profit for the year ending June, the NBR reports.
This is above the company’s own prediction of between $88 to $92 million.
Turnbull says his estimate is in light of higher volumes of containers and breakbulk and higher price realisation, NBR reports.
Port of Tauranga shares are currently trading at $5.03.
