Port of Tauranga announces 25% drop in first half-year earnings
New Zealand's premier maritime gateway, Port of Tauranga, reported a significant 25% downturn in its half-year earnings, attributing the slump to a marked decrease in cargo throughput and a reduction in vessel arrivals. The port's financials revealed a net profit of $47.2 million, down from $62.7 million the previous year, with revenue also taking a hit, falling to $200 million from $211.9
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