Marsden Maritime lifts first-half profit 21% on rising Northport cargo volumes

Mon, 27 Feb 2017

By Paul McBeth Feb. 27 (BusinessDesk) - Marsden Maritime, which owns half of the Marsden Point-based Northport along with a marina, commercial facilities and land, lifted first-half profit 21 percent on increased cargo volumes going through the port. Net profit rose to $5 million, or 12.17 cents per share, in the six months ended Dec. 31, from $4.1 million, or 10.03 cents, a year earlier, the Whangarei-based company said in a statement. Revenue gained 20 percent to $6.8 million, largely through a bigger return from its share of Northport...

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