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Clarkson PLC, one of the world’s leading shipping services group, has announced unaudited results for the six months ended 30 June.
In a statement the firm, has offices in 16 countries on five continents, said that they had delivered a “Robust performance delivered in challenging markets” and archived revenue of £89.1m, an increase of £1.1m compared to 2012.
“Clarksons has delivered a resilient performance in the first half of 2013, achieved in global shipping markets which have seen significant challenges over the period” argued Chief executive Andi Case. “In these difficult times we have remained focused on the key elements of our strategy by developing our full service client offering, taking advantage of opportunities to strengthen our core broking teams with new hires and enhancing both our research product portfolio and support infrastructure”.
Results:
- Profit before taxation before exceptionals and acquisition costs £10.8m (2012: £10.8m)
- Underlying earnings per share before exceptionals and acquisition costs 41.8p (2012: 39.2p)
- Basic earnings per share after exceptionals and acquisition costs 32.7p (2012: 53.3p)
- Interim dividend 19p per share (2012: 18p per share)
- Strong balance sheet, with £71.9m of net funds (31 December 2012: £75.2m)
- Trading in line with expectations
Mr Case fruther argued that the”industry outlook remains challenging with the continued focus on the spot market limiting visibility”. However, despite these headwinds Clarksons “continue to make good progress and are trading in line with expectations. As previously highlighted we expect to see a slight weighting in performance to the second half of this year, reflecting the delivery profile of our new build activities.”
