Marsden Maritime Holdings has reported a 9% increase in parent company earnings before interest and tax (ebit) for the financial year 2024, reaching a record of $1.8 million.
This growth was attributed to solid profit growth in property leases (up 4%) and exceptional marina profit growth (up 23%).
However, earnings from the company's joint venture interest in Northport decreased by 2.3% to $7.9m, due to one-off tax legislation changes at Northport.
Marsden Maritime also had a $0.2m increase in finance expenses, which was attributed to higher interest rates.
The company's chief executive, Rosie Mercer, expressed satisfaction with the strong underlying growth and the progress made in line with their strategic aspirations.
A final dividend of 5.75 cents per share, fully imputed, will be paid on Sept 30 2024.
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