Announcement
HALFYR: MMH: Marsden Maritime Holdings Half Year Result
08:30am
MMH
25/02/2022 08:30
HALFYR
PRICE SENSITIVE
REL: 0830 HRS Marsden Maritime Holdings Limited
HALFYR: MMH: Marsden Maritime Holdings Half Year Result
Marsden Maritime Holdings Ltd (NZX:MMH) has recorded a net profit of $4.6
million for the interim six-month reporting period ending 31 December 2021,
down ($0.6 million) from the same period last year.
Over the past six months revenue from the company's property and marina
operations has continued to grow, up 9% on the corresponding period last
year. Four construction projects have been completed over the past twelve
months, adding close to 6,000 square metres of commercial leasable area.
However, the first six months the year has also seen an increase in operating
expenditure as the result of general cost increases combined with investment
in initiatives that will drive future growth opportunities.
Northport Ltd bulk cargo volumes for the first six months were 1,535,507
tonnes, down 157,768 tonnes from the same period last year.
Commenting today, acting chief executive Gavin Carroll noted: "The growth in
operating revenue is evidence that we are delivering on our strategy of
facilitating economic growth".
After taking into consideration the half result and an expected softening in
Northport volumes for the second six months of the financial year a fully
imputed dividend of 6.00 cents per share (2020/21 - 6.75 cents per share) has
been declared with payment to be made on 25 March 2022.
ENDS.
Gavin Carroll
ACTING CHIEF EXECUTIVE
Ph: 022 106 3964
End CA:00387914 For:MMH Type:HALFYR Time:2022-02-25 08:30:19
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