Grand Harbour Marina plc – Approval of Financial Statements
Grand Harbour Marina plc approved the financial statements for the period ended December 31, 2020, and resolved that they be submitted for the approval of the shareholders at the forthcoming Annual General Meeting.
Statement of profit or loss
Revenue
| 2019 | 2020 | % Change |
| €4.12 million | €4.09 million | -0.7% |
Profit before tax
| 2019 | 2020 | % Change |
| €0.4 million | €0.81 million | +103% |
Operating profit
| 2019 | 2020 | % Change |
| €1.3 million | €1.7 million | +31% |
Earnings per share
| 2019 | 2020 | % Change |
| €0c8 | €2c4 | +200% |
Statement of financial position
Total assets
| 2019 | 2020 | % Change |
| €27.99 million | €28.3 million | +1.2% |
Total liabilities
| 2019 | 2020 | % Change |
| €24.95 million | €24.9 million | -0.2% |
Dividends
No dividends were declared by the Company for the year ended 31 December 2020 (2019: €nil)
Outlook
During 2021 the coronavirus will continue to impact the more lucrative parts the business. GHM reiterate that the Company has sufficient resources to meet all its payment obligations, including but not limited to salaries and annual bond interest payments and its ability to redeem in full its current €15 million bond, maturing in 2027.
Click here to download the full financial statement.