Announcement
HALFYR: MMH: Marsden Maritime Holdings FY20 Interim Result
08:31am
MMH
28/02/2020 08:31
HALFYR
PRICE SENSITIVE
REL: 0831 HRS Marsden Maritime Holdings Limited (NS)
HALFYR: MMH: Marsden Maritime Holdings FY20 Interim Result
Marsden Maritime Holdings Ltd (NZX:MMH) has recorded a Net Surplus of $5.3
million for the interim six-month reporting period ending 31 December 2019,
an improvement of 20.0% ($0.9m) over the same period last year.
Earnings from the joint venture interest in Northport Ltd for the first six
months increased by 9.7% ($0.4m) to $4.8 million. Earnings from the Group's
property and marina business segments increased by 42.9% ($0.5m) over the
corresponding period.
Northport Ltd bulk cargo volumes for the first six months were at a similar
level to last year. Container volumes (7,138 TEU) have increased by 27%.
Commenting today, Chief Executive, Felix Richter noted, "The Group's half
year result is very pleasing and reflective of the significant level of
investment the Company has made in growth over recent years."
"It is particularly encouraging to see the growth in earnings from the
Company's property investments and we will continue to take advantage of
future opportunities as they arise", added Chairman Murray Jagger.
A fully imputed dividend of 6.75 cents per share (2018/19 - 6.75 cents per
share) has been declared with payment to be made on 27 March 2020.
ENDS
Gavin Carroll
FINANCIAL CONTROLLER/COMPANY SECRETARY
Ph: (09) 432-5052
End CA:00349132 For:MMH Type:HALFYR Time:2020-02-28 08:31:45
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