Port Denarau Marina has recorded a ‘commendable’ net profit before tax of $2,390,459 for the first half of its fiscal year ended January 31, 2024.
Compared with the corresponding period last year, the company recorded net profit before tax of $2,276,391.
According to the company, the overall revenue increased by 12 per cent compared with January 31 last year.
“This growth reflects our commitment to operational excellence, strategic initiatives, and adapting to market dynamics effectively,” said the company in its market announcement released by the South Pacific Stock Exchange.
“Over the past year, the collective efforts of our management and staff have driven innovation, aligning with our mission and vision to establish ourselves as the foremost marina facility in the Pacific.”
The company board also announced an interim dividend of 2.00 cents per share for the half-year ending January 31 – a 14 per cent increase from last year’s interim dividend payout. It stated the 2024 yachting season forecast looked promising.
“Management is proactively involved in enhancing every aspect of our business operations in the upcoming months, guaranteeing enduring growth and prosperity.”
