Grand Harbour Marina plc – Approval of Half Yearly Report

Grand Harbour Marina plc – Approval of Half Yearly Report

Grand Harbour Marina plc announced that the Board of Directors has approved the Half-Yearly Financial Statements of the Company for the period from 1 January 2008 to 30 June 2008.

Grand Harbour Marina registered a loss after tax of EUR 84,760, compared to a loss of EUR 315,751 in the first 6 months of 2007. Revenue for the first six months ended 30 June 2008 was EUR 1.08 million, compared to a revenue of EUR 472,905 registered in 2007, including revenue generated from the licensing of long term superyacht berths of EUR 508,475. No super yacht berth sales were reported in the first six months of 2007. The decrease in total assets to EUR 12.31 million at 30 June 2008 from December 2007 (EUR 17.67 million) is mainly related to the decrease in cash and cash equivalents due to the payment of dividend and payments related to taxation. The Half-Yearly Financial Statements can be viewed from the below link.

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