22 Feb 2023

Ports of Auckland turns profit, will Wayne Brown be pleased?

From Checkpoint, 6:06 pm on 22 February 2023

Ports of Auckland has turned a profit, but will it be enough to keep one of its fiercest critics happy?

The underlying profit of almost $21 million for the six months to the end of December means a $15m dividend payout to its owner Auckland Council.

Mayor Wayne Brown's been highly critical of the port's performance and has suggested selling the council's shares to slash debt.

He also wants the waterfront car terminal gone and the prime land returned for Aucklanders to use.

Ports of Auckland chief executive Roger Gray says he's been having frank conversations with the mayor.