Grand Harbour Marina reduces its losses

Grand Harbour Marina plc has reported a loss after tax of €84,760 for the first six months of this year, compared to a loss of €315,751 for the same period last year. Earnings per share for the period were one cent compared to three euro cents for the...

Grand Harbour Marina plc has reported a loss after tax of €84,760 for the first six months of this year, compared to a loss of €315,751 for the same period last year.

Earnings per share for the period were one cent compared to three euro cents for the first six months of 2007.

The company said that in the first half of this year, revenue from the licensing of long term superyacht berths was €508,475. No superyacht berth sales were reported. Pontoon fees and revenue from ancillary services for the first six months of this year grew from €472,905 to €571,879, an increase of 21 percent over the first half of last year.

Sign up to our free newsletters

Get the best updates straight to your inbox:

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.