Port of Tauranga Full Year 2023 Earnings: Revenues Beat Expectations

Port of Tauranga (NZSE:POT) Full Year 2023 Results

Key Financial Results

• Revenue: NZ$420.9m (up 12% from FY 2022).
• Net income: NZ$117.1m (up 5.2% from FY 2022).
• Profit margin: 28% (down from 30% in FY 2022). The decrease in margin was driven by higher expenses.

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

Port of Tauranga Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.4%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Infrastructure industry in Oceania.

Performance of the market in New Zealand.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's 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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