6th Dec 2021 14:19
Sutton Harbour Group PLC - Plymouth-based harbour operator - Says revenue in the half-year period to September 30 totalled GBP3.8 million, up 31% from GBP2.9 million a year before. Pretax profit multiplied to GBP327,000 from GBP55,000 a year prior. Explains growth with resurgence of leisure boating in the UK. Adds that Sutton Harbour Marina is at capacity occupation and King Point Marina at 95% occupation. Does not declare an interim dividend, unchanged from last year. Says outlook for leisure boating sector remains robust. Reports it started the preliminary site works on the 14 apartment Harbour Arch Quay scheme.
"With the staged relaxation of UK Government imposed measures to manage the Covid pandemic, the group has accelerated its efforts to start its first development project around Sutton Harbour in over a decade. During the first half-year, the group has made encouraging progress with its trading business activities and with the pipeline of development projects which it now intends to bring forward in accordance with its strategic vision," Chair Philip Beinhaker states.
Current stock price: 22.10 pence
Year-to-date: up 7.0%
By Abby Amoakuh; [email protected]
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