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Sutton Harbour Holdings ( (GB:SUH) ) has shared an update.
Sutton Harbour Group plc reported a loss before taxation of £0.825m for the six-month period ending 30 September 2024, primarily due to a decline in fish landings and increased legal and interest costs. The company maintained strong performance in its marina and car parking operations, despite challenges in its fisheries business. Efforts are being made to reduce debt through asset sales, with three properties already sold and further sales planned. The company is also investing in marina improvements and collaborating with stakeholders for future fisheries operations.
More about Sutton Harbour Holdings
Sutton Harbour Group plc is an AIM-quoted company specializing in marine and waterfront regeneration. The company focuses on maintaining high occupancy rates in its marina and property assets, managing car parking facilities, and overseeing fisheries operations. Its strategic goal involves reducing debt and investing in the redevelopment of the Sutton Harbour area.
YTD Price Performance: -43.10%
Average Trading Volume: 10,779
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £11.79M
For an in-depth examination of SUH stock, go to TipRanks’ Stock Analysis page.
