Port of Auckland expects to pay its shareholder Auckland City a half year dividend of $20m. Photo: RNZ / Kymberlee Fernandes
Port of Auckland says it will be able to pay its shareholder Auckland City a half year dividend of $20 million and expects to pay a further $15m later.
The port's first half results show a small increase in its underlying net profit to $21m.
Chair Jan Dawson said it was pleased with the result which had come despite challenging economic times and supply chain disruptions.
She said the port was on track to deliver at least a full year $35m dividend to its shareholding Auckland Council.
Revenue increased to $162.5m, up from $159.5m first half in 2023.
Port of Auckland also said it was in the middle of a record cruise ship season - and next year could be even busier.
Chief executive Roger Gray said it was dealing with 350,000 cruise passengers this year.
"Next season looks to be even bigger, so we have also extended the manoeuvre blackout period to reduce impacts on ferry commuters next season," Gray said.