Latest Mackay Seaport News

MPA achieves record profits and trade stats in 2004-05

Originally published on 11 November 2005

Mackay Port Authority's 2004-05 annual report was tabled in State Parliament today

The Mackay Port Authority (MPA) is looking ahead to another bumper year after achieving record profits and increased trade and passenger growth during the 2004-05 financial year.

The MPA achieved an after tax profit of $1.19 million - up 200 per cent on the previous year. Operating revenue increased 29 per cent to $13.72 million. Passenger throughput at the MPA's award winning airport increased 32 per cent to 580 000 and airport revenue rose 37 per cent to $7.82 million.

The Mackay Port Authority's 2004-05 annual report was tabled in State Parliament today by Transport Minister Paul Lucas.

Queensland's seven port authorities recorded a combined profit of $68.4 million in 2004-05. Port authorities invested $259 million in capital expenditure in 2004-05 - and increase of $119 million on the previous year.

Mackay Port Authority chairman Graham Davies said the MPA's improved performance was a tribute to the authority's hard working staff and employees covering the sea and air ports.

Our operational and financial achievements also would not have been possible without the continued support of our valued customers, stakeholders and the local community, Mr Davies said.

Mr Davies said airport passenger numbers and profits continued to climb during 2004-05.

At the seaport, trade increased 18 per cent to 2.27 million tonnes.

Other highlights included:

• Sugar exports up 22.7 per cent to 1.164 million tonnes


• Petroleum imports up 17 per cent to 649 000 tonnes.


• Grain exports up 24.4 per cent to 158 000 tonnes.

Mr Davies said a record shipment of 50 000 metric tonnes of raw sugar was loaded at Mackay Harbour in September, 2004 - eclipsing the previous record by 2000 metric tonnes.

Mr Davies also recognised the service of retiring Chairman John Taylor and long-serving board member John Stuart.