MMH Reports Double-Digit Decline in Profit

For the year ended 30 June 2020, Marsden Maritime Holdings Limited (NZX:MMH) reported after-tax profit of $6.7 million, down $3.0 million Y-o-Y, mainly due to lower valuation of its investment property assets.

Bulk cargo throughput at Northport decreased by 11.5% to 2,998,070 tonnes and log exports of 2,250,002 tonnes accounted for 75% of volume in the current financial year. The company has decided to pay fully imputed final dividend of 9.25 cents per share, taking the full year dividend to 16.00 cents per share.



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