MMH 0.47% $4.20 marsden maritime holdings limited ordinary shares

Ann: HALFYR: MMH: Marsden Maritime Posts Similar Interim Result

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    • Release Date: 27/02/15 09:40
    • Summary: HALFYR: MMH: Marsden Maritime Posts Similar Interim Result
    • Price Sensitive: No
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    					MMH
    27/02/2015 09:40
    HALFYR
    PRICE SENSITIVE
    REL: 0940 HRS Marsden Maritime Holdings Limited (NS)
    
    HALFYR: MMH: Marsden Maritime Posts Similar Interim Result
    
    Marsden Maritime Holdings Ltd (NZX:MMH) has today announced that it recorded
    a Net Surplus of $4.025 million for the six month period to 31 December 2014
    (2013 - $3.806 million) representing an increase of approximately 5.7%.
    
    MMH Chief Executive Graham Wallace said that "underlying earnings of just on
    $4.0 million were at a similar level to that recorded in the previous interim
    reporting period although the composition of earnings has altered somewhat
    following the various changes that have occurred over the last year in the
    Group's business activities".
    
    MMH's result was again underpinned by the strong performance of its 50%
    stakeholding in Northport Ltd. Export log volumes for the six months totalled
    1.241 million tonnes representing a slight lift on the corresponding period
    last year although on an overall basis, Northport's total cargo throughput of
    1.616 million tonnes were down some 2.6%.
    
    A fully imputed interim dividend of 5.25 cents per share (2013/14 - 5.00
    cents/share) has been declared with payment to be made on 20 March 2015.
    
    It is anticipated that the Group's trading result for the full year will be
    comparable with the previous year with overall cargo volumes through
    Northport expected to track at a similar level to the last year.
    
    "Recent changes within our business, better position us for longer term
    growth" Wallace concluded.
    
    ENDS
    
    Issued by:
    Graham Wallace
    Chief Executive
    09-432 5033 / 027-476 1037
    [email protected]
    End CA:00261259 For:MMH    Type:HALFYR     Time:2015-02-27 09:40:20
    				
 
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