MMH
29/02/2016 09:40
HALFYR
PRICE SENSITIVE
REL: 0940 HRS Marsden Maritime Holdings Limited (NS)
HALFYR: MMH: Marsden Maritime Holdings Ltd - Half Year Year Results
Marsden Maritime Holdings Ltd (NZX:MMH) has today announced that it recorded
a Net Surplus of $4.141 million for the six month period to 31 December 2015
(2014 - $4.025 million) representing an increase of approximately 2.9%.
MMH Chief Executive, Graham Wallace said that "the trading surplus of $4.006
million represented a similar level of underlying earnings to that recorded
in the previous interim reporting period".
"Port related earnings were marginally down on the corresponding period last
year but were offset by improved results from the Group's other activities".
Total cargo volumes handled by the associate entity, Northport Ltd for the
six month period were 1.658 million tonnes (2014 - 1.616 million tonnes) with
the increase largely attributable to a lift in export log volumes to 1.288
million tonnes from 1.241 million tonnes in the comparable period last year.
A fully imputed interim dividend of 5.50 cents per share has been declared
with payment to be made 18 March 2016.
"Current projections suggest that the Group's full year trading result will
be similar to that recorded in the 2015 financial year", Wallace added.
End CA:00278478 For:MMH Type:HALFYR Time:2016-02-29 09:40:19
