Marsden Maritime Holdings Ltd (NZX:MMH) recorded a net profit after tax of $13.107m for the year ended 30 June 2022, driven by solid growth in its commercial and marine ecosystems.
Earnings from joint venture interest in Northport Ltd totaled $8.432m, down from $9.525m last year.
Revenue from non-port related activity grew, with lease revenue up 16% to $3.653m and marina revenue up 12% to $2.509m.
Northport cargo volumes were down overall, with bulk cargo throughput down 18% to 2.923m t and logs down 18% to 2.318m t.
Container volumes were up 42% to 19,106 TEU.
The company will pay a fully imputed final dividend of 10 cents per share on 30 September 2022, bringing the total dividend distribution for the year to 16 cents per share.
Rosie Mercer was appointed as the new CEO, effective 1 July 2022, and MMH commenced due diligence to purchase the land under the proposed Oruku Landing conference and multi-events centre in Whangārei.
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