Marsden Maritime Holdings Valuates its Investment Properties

  • Jul 24, 2020 NZST
  • Team Kalkine
Marsden Maritime Holdings Valuates its Investment Properties

Marsden Maritime Holdings (NZX:MMH) has revalued their assets in accordance with New Zealand Accounting Standards. The valuation of the real estates has been negatively impacted by the COVID-19 pandemic and in-turn have affected this year’s valuation.

  • Based on an investment property assets pre valuation value of $80.40 million, the revaluation of these assets shall result in a decrease in value of 3.69%;
  • The company shall release full details of valuation in its audited Financial Statements on 28th August 2020.

 


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