NZ: Port of Tauranga kiwifruit shipments rise by 16%
Revenue rose 2.8% to $125 million in the six months ended December 31, as export volumes climbed 9% to 7.1 million tonnes and imports rose 7% to 3.9 million tonnes, the port company said today. Part of the growth was an increase in kiwifruit shipments by 16% to more than 477,000 tonnes.
"We're relieved, after having made significant expenditure for a company of our size, that we're now getting revenue to match," Mr Cairns told BusinessDesk.
The first-half results gave the company confidence to lift its guidance, saying full-year earnings would be at the upper end of its forecast range of $79 million to $83 million, an increase on the $77.3 million reported for 2016.
source: nbr.co.nz
