Announcement

HALFYR: MMH: Marsden Maritime Holdings FY20 Interim Result 08:31a.m. 
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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