Marsden Maritime Holdings has reported a 9.1% decrease in net profit after tax before valuations for the year ended June 30, 2024.
The company's revenue from business park and marina operations reached $12 million, up 6% from the previous year.
Marina revenue, including the boatyard, increased by 14.8% to $3.3m, while lease revenue grew by 7% to $5.2m.
Underlying earnings at Northport, before the one-off tax adjustment, also grew 3%.
Marsden Maritime Holdings said it has welcomed its first season of cruise vessels at Northport and has been adapting to different cargo options and more regular container vessels.
The company declared a total dividend distribution of 11.75 cents per share for the year.
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