Marsden Maritime Holdings Ltd (NZX:MMH) has reported strong growth in its half year results, with revenue increasing by 45% to $5.5M from $3.8M in the previous year.
The increase is driven by completion of commercial and industrial developments combined with high occupancy rates of these new assets.
The company’s 50% Northport Joint Venture also performed in line with the previous year.
Despite a significant increase in interest costs, the net profit of $4.5m is very similar to the same period of the previous year.
A fully imputed dividend of six cents per share has been declared.
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