Marsden Maritime posts 5.7% gain in 1H profit, expects FY earnings in line with last year

Thu, 26 Feb 2015

By Tina Morrison Feb. 27 (BusinessDesk) - Marsden Maritime Holdings, which owns half of Whangarei's Northport, posted a 5.7 percent rise in first-half profit and said annual earnings will probably be in line with last year on similar cargo volumes. The Whangarei-based company said profit rose to $4 million, or 9.75 cents per share, in the six months ended Dec. 31, from $3.8 million, or 9.22 cents, in the year earlier period. Annual profit will be "comparable" with the previous year when it posted profit of about $8 million, it said in a s...

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