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Interim Results

James Fisher divi up 10% as underlying profits rise

30 August 2017 07:29

Underlying operating profits at marine service provider James Fisher and Sons rose to £21.3m in the six months to the end of June - 7% up on last time.

Group revenues were 13% higher at £235.8m and underlying pre-tax profits rose by 6% to £18.6m.

Underlying diluted earnings per share rose by 2% to 30.1p and the group declared an interim dividend of 8.40p per share - up 10%.

Chief executive Nick Henry said: "James Fisher had a positive start to the year with revenue increasing by 13% to £235.8m and underlying operating profit by 7%.

"The phasing of renewables projects within Marine Support combined with a degree of recovery in maintenance activity in the oil and gas sector indicates stronger growth for the Group in the second half leading to a good improvement in the result for the year."

Story provided by StockMarketWire.com

Related Company: FSJ

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