State Ports Post First Profit In 3 Years

The North Carolina State Ports Authority turned a profit of almost $400,000 in the fiscal year that ended June 30th.

That's the first profit for the ports in three years.

The StarNews of Wilmington reports the last time the ports had a profit was in 2008 when they made just over $1 million.

The authority operates port facilities in Morehead City and Wilmington.

Ports Authority officials say last year's profit came because of increases in bulk cargo handled by the ports. That includes grain imports to Wilmington and wood chip exports from both Wilmington and Morehead City.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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