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Ports of Auckland announces strong result 

XOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS AMZN: DEI HURDLESAAPL: DEI RECOMMENDATIONAAPL: INNOVATIONF: MAKING MONEY IN CHINAMAERSK: THE DAY AFTER

XOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS AMZN: DEI HURDLESAAPL: DEI RECOMMENDATIONAAPL: INNOVATIONF: MAKING MONEY IN CHINAMAERSK: THE DAY AFTER

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Highlights

• Net Profit After Tax was $84m, up $21m on last year.
• Underlying profit before tax was $70.6m up $1m on last year.
• Declared dividend of $54.3 million for the 2015/16 financial year. This compares with last year’s dividend of $41.7 million.
• Revenue was $211.1 million, down $7.2m and underlying expenses were $105.7m, down $12.7m.
• Investment property valuation increase of $12.2m primarily reflects value created by improvements to Ports of Auckland’s Wiri Freight Hub.

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