Ports of Auckland 2012/13 Annual Results

Ports of Auckland 2012/13 Annual Results

• Total port operations EBIT up 11.4% on increased port operations revenue, up 5%

• Trading profit before income tax up 22.8% to $44.4m

• The declared dividend for the financial year is $29.5m, up 46.8% up on the 2011/12 dividend of $20.1m

• Multi-Cargo business performed well, EBIT up 6.5%

• Container volumes increased by 1.3% to 818,819 TEU, Container Terminal EBIT up 18.7%

• Interest expense was down 20.8%

Ports of Auckland has reported improved results for the year to 30 June 2013, reflecting increases in both labour productivity and volumes across all port operations.

“This year has been positive for Ports of Auckland”, said Chief Executive Tony Gibson. “While container volumes were not up significantly, our focus on lifting revenue, improving processes and raising labour productivity has started to show results. Earnings are up, we have won back some of the business lost as a result of last year’s industrial action and secured two new services.”

”Looking forward we will continue to focus on lifting productivity and customer service”, he added.

Key facts for the year to 30 June 2013

• Total container volume was up by 1.3% to 818,819 TEU, from 808,654 TEU in 2011/12.

• Break-bulk tonnage was up 14% to 4,414,231 tonnes from 3,871,182 tonnes in 2011/12.

• Car volumes were up 16% to 170,835 units, from 147,221 in 2011/12.

Download the 2012/13 Annual Review

Download the 2012/13 Summary Financials

ENDS

© Scoop Media