Port of Tauranga Reports First Half 2023 Earnings

Simply Wall St
·1 min read

Port of Tauranga (NZSE:POT) First Half 2023 Results

Key Financial Results

  • Revenue: NZ$211.9m (up 14% from 1H 2022).

  • Net income: NZ$62.7m (up 11% from 1H 2022).

  • Profit margin: 30% (in line with 1H 2022).

  • EPS: NZ$0.093.

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Port of Tauranga Earnings Insights

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Infrastructure industry in Oceania.

Performance of the market in New Zealand.

The company's shares are up 2.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Port of Tauranga's balance sheet and an in-depth analysis of the company's financial position.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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