The Mersey Docks & Harbour Company has announced its interim results for the six months ending June 30. Underlying pre-tax profit has been maintained at £27 million and turnover has increased by 6.3 per cent.
Chairman Gordon Waddell said: “Both market and wider economic issues have remained uncertain during the first half, but there are signs that they are beginning to look slightly more positive. The Irish sea market should stabilise with the prospect of some rationalisation and consolidation and NorseMerchant is expected to emerge from administration during October.
“As we stated both at the AGM and in a recent trading statement, the board believes that the full year outcome will be similar to that of 2002 and we are confident that the group is strategically placed to make progress if, as seems likely, economic conditions improve in 2004.”
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