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Financial Performance

The operating result after tax for the year ended 30 June 2015 was a profit of $12.03 million which compares to a profit of $7.44 million in the prior year. This is an increase of $4.59 million

The operating result before tax was $16.99 million for the year ended 30 June 2015 compared with $12.23 million for the previous year. This $4.76 million improvement before tax is driven by improved user charges and the impact of asset valuation transactions, with the previous year’s profit having been reduced by a large write down of investment property work in progress.

Trading performance improved in the year ending 30 June 2015 with growth in Cairns Port, particularly sugar volumes. Total smaller port exports were broadly similar to the previous year. Effective control of operating expenses was maintained throughout the year.

 




Contact Us:

Address:   Cnr Grafton & Hartley Streets, Cairns QLD Australia 4870

Postal:      PO Box 594, Cairns QLD Australia 4870

Phone:     + 61 7 4052 3888

Fax:         + 61 7 4052 3853

Email:       enquiries@portsnorth.com.au

Website:   www.portsnorth.com.au

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