Grand Harbour Marina plc – Interim Financial Statements for six months ended 30 June 2009

Grand Harbour Marina plc – Interim Financial Statements for six months ended 30 June 2009

Grand Harbour Marina plc announced that the Board of Directors approved the Half-Yearly Financial Statements of the Company for the period ending June 30, 2009.

The Company registered a rise in its Loss before tax of EUR 96,209, from EUR 162,510 in 2008 to EUR 258,719 in 2009. Revenue for the six month period declined by 14.27%, to EUR 926,196. The company stated that “with the increased tariffs and higher occupancy levels attained during the period, pontoon fees and revenue from ancillary services for the first 6 months ended June 30, 2009 grew from EUR 571,879 to EUR 926,196. There were no super yacht berth sales during the period (6 months to June 30, 2008 EUR 508,475).” Loss per share for the period increased marginally from EUR 0.01 to EUR 0.02. The Directors did not recommend the payment of an interim dividend.

To view the Interim Financial Statements, Click Here.