Ann: GENERAL: POT: Quality Marshalling Loses Majo

• Release Date: 10/09/13 15:32
• Summary: GENERAL: POT: Quality Marshalling Loses Major Contract
• Price Sensitive: No
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POT
10/09/2013 13:32
GENERAL

REL: 1332 HRS Port of Tauranga Limited (NS)

GENERAL: POT: Quality Marshalling Loses Major Contract

Port of Tauranga today announced that its subsidiary Quality Marshalling
Limited has lost a major log marshalling contract at Mount Maunganui and
Murupara, effective from 1 January 2014.

The revenue loss represents approximately 60% of Quality Marshalling
Limited's revenue at the time of acquisition.

Port of Tauranga Chief Executive, Mark Cairns, says that whilst the outcome
of the competitive tender process is disappointing, there remain significant
growth opportunities for Quality Marshalling in New Zealand.

For further details, contact:
Steve Gray
Chief Financial Officer
Port of Tauranga Limited
Ph: 07 572 8805
End CA:00240941 For:POT    Type:GENERAL    Time:2013-09-10 13:32:21