Marsden Maritime Holdings has reported a 15.6% increase in underlying earnings for the first half of the financial year.
The company's underlying earnings for business park and marina operations reached $1.01 million, up from the previous comparative period.
This growth was driven by a 20.8% increase in marina and boatyard revenue, which amounted to $1.65m, and a 9.8% increase in lease revenue, reaching $2.57m.
However, Marsden's share of earnings from Northport saw a 3.3% decrease, amounting to $4.29m.
The company highlighted the impact of global market on log volumes.
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