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.