• Group Revenue rose slightly to $248.1m from $243.2m in the previous corresponding period (pcp).
• Reported net profit after tax was $53.9m million compared to $76.8m for the pcp. Underlying profit after tax was $45.0m compared to $59.2m for the pcp, as a result of reduced space due to automation work, the loss of a service and a cyclical decline in car volumes.
• Capital expenditure increased to $104.8m ($96.5m pcp) to increase capacity and productivity, and improve safety.
• To fund our investment programme, no final dividend has been declared. An interim dividend of $18.6m was paid ($51.1m pcp). For the financial years ending 30 June 2020 and 2021 Ports of Auckland anticipates paying a dividend of 20% of after-tax profits, reduced from 80%, in order to fund the investment programme.
  

2. Volu​​mes

• Container volumes are down 3.5% to 939,680 TEU (Twenty-foot Equivalent Units) compared to 973,722 TEU for the pcp.
• Car and light commercial vehicle volumes were by down 14% to 255,252 units, compared with 297,678 units for the pcp.
• As a result, bulk and breakbulk volumes (including cars & light commercial vehicles) were down 3.3% to 6.5 million tonnes compared to 6.8 million tonnes for the pcp. Non-car bulk and breakbulk volumes rose 7.4% to 3.7 million tonnes.
  

3. Our people

• Our people have had to deal with a tragedy this year, with the death of a colleague as a result of a straddle accident. This accident has reinforced our determination to engineer out safety risks wherever possible.
• In a New Zealand first, we have installed lash platforms onto our cranes so our stevedores will no longer have to work on the quay where heavy machinery operates.
• Automation will bring many changes to the port, and we are delivering a comprehensive training and support programme before and after automation goes live.
  

4. Customers

• Automation will bring significant benefits but having to automate an operating terminal has been difficult, as expected. Capacity was reduced, congestion increased, and productivity fell. Container crane rates averaged 32.50 moves per hour (mph), down from 35.63 mph the previous year.
• To avoid any risk of disruption during this year's import season, the automation go-live will commence in February 2020.
• Multi-Cargo operations continued to perform well, despite the car terminal area being reduced by 10% during construction of a car handling building. Car dwell time reduced to an average of 2.42 days, down from 2.90 for the pcp. 

​5. Transforming the port

• Significant progress has been made on the automation of our container terminal. Most infrastructure work is complete, and we are now in the final phase of testing.
• We have started construction of a new car handling building, which will increase capacity at our car terminal. It is due to be completed in August 2020.
• We took delivery of three new container cranes, and commissioning has now been completed. The cranes are being used in automation testing.
• We opened the first customer facility at our Waikato Freight Hub and completed construction of a new road connection to the hub.
• As part of our plan to reduce our emissions to zero by 2040, we have bought the world's first electric tug, and announced plans to build a demonstration hydrogen production and refuelling facility which is due to open in 2020.
• We have received consent to dispose of dredged material at sea, in one of five official New Zealand disposal sites.
• We are preparing a consent application to deepen our shipping channel and are aiming to lodge the application later in 2019.