- Release Date: 27/02/15 09:40
- Summary: HALFYR: MMH: Marsden Maritime Posts Similar Interim Result
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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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