Port of Tauranga's result 'robust'

Port of Tauranga's December half year net profit fell to $20.5 million from $21.5 million a year ago, but discounting last year's $1.8 million one-off gain, it was up 4 per cent.

The company raised its fully imputed dividend to 9c from 8c.

Chairman John Parker called the result robust. "Directors confidently expect the full year result to be ahead of last year," he said.