Port of Townsville, strong financial results

Port of Townsville Limited has again delivered strong financial results while continuing to deliver major infrastructure investments. With a focus on revenue diversification and cost management, the Port posted a solid net profit of $15.01 million for 2017-18.

Overall trade volumes remained steady against previous year at 7.3 million tonnes (0.18% decrease). A historical record for container trade was set, with 75,827 TEUs handled (47% increase) largely powered by renewable energy imports. Motor...

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