Record numbers of cars and construction materials coming into the Ports of Auckland have helped the organisation post a $60.3 million for the year ended June 30.
That’s down on last year’s result of $84 million, which included a one-off $17.6 million gain for an asset impairment reversal.
Overall revenue was up from $211.1 million to $222.4 million, due to an increase in volumes.
Container volumes coming into the port were up 5% to 952,331 TEU, while car and light commercial vehicle volumes were up 19.9% to 297,383 units.
Chief executive Tony Gibson says the result highlights another solid year for the port. However, he acknowledges it hasn’t all been plain sailing.
“The year has not been without challenges. Auckland’s construction boom and growth has driven significant increases in freight volumes, notably vehicles and building materials. Cement volumes are up almost 50% in two years and cars are up almost 20% in just one year.
“As a consequence we are experiencing capacity constraints on our general wharves, with some ships having to wait at anchor or at berth to unload.”
