Port Otago reports substantial profit
NewsPort Otago’s 2023/24 financial report reveals a 30% increase in net profit, reaching NZ$ 30.4 million (US$ 19 million), driven by four core business units.
Following the re-nationalisation of rail and ferry services, the New Zealand government has decided to place these businesses and its rail infrastructure owner, Ontrack, under the integrated control of the New Zealand Railways Corporation Board.
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