Broking unit drives Clarkson H1 profit

(Sharecast News) - Shipping services specialist Clarkson reported a sharp jump in first-half profit, driving by a strong performance in its broking division. The company on Monday said pre-tax profit for the six months to June 30 came in at £52.2m, up from £42m a year earlier.

"The broking teams delivered a very strong first half, with standout performances from the tanker, specialised product, gas, offshore and sale and purchase sectors," Clarkson said in a statement.

"While mindful of the currency headwinds and softening rate environment, which are expected to result in a more balanced split between the first and second half, our expectations for the full year are unchanged."

Reporting by Frank Prenesti for Sharecast.com