A $4.8m profit from Tasports has prompted a bullish response from infrastructure minister Rene Hidding who has argued it is evidence of a revival in state-owned companies.
Mr Hidding said the government came to office in 2014 with a commitment to fix struggling state-owned companies and the 2016-17 TasPorts Annual Report “confirms we are delivering”.
The profit of $4.8m for 2016/17 – was more than triple the previous year’s result.
The minister said it was great news as “profitable, dividend-paying state owned companies were an unqualified benefit”.
“The Annual Report also confirmed Tasmanian exports continue to surge ahead with freight volume at their highest level since 2009, increasing 3.6% on the previous year,” Mr Hidding said.
“Additionally, woodchip exports have increased a further 21% as the purchase of the Burnie Chip Export Terminal in 2014 once again proves to be a driving force behind the continued boom.”
Mr Hidding said the report showed the crucial role of partnerships, such as:
- TasPorts and Australian stevedore, Qube Ports, with a joint venture to establish a log export terminal at Hobart’
- Maersk Line bringing a weekly container service into Bell Bay.
“I congratulate the Board, management and employees of TasPorts for another year of outstanding results in 2016-17,” Mr Hidding said.