(Alliance News) - Clarkson PLC on Monday reports surge in revenue and profit in its half year, reflecting "continued momentum" in its business.
Clarkson is a London-based provider of shipbroking and investment banking services to the shipping and offshore markets.
Pretax profit in the six months ended June 30 increased 24% to GBP52.2 million, from GBP42.0 million year-on-year. Revenue in the half year increased 20% to GBP321.1 million, from GBP266.7 million from the year before.
"I am pleased to report an outstanding result for Clarksons in the first half of 2023, which reflects the continued momentum in the business and effective execution of our strategy as we help clients navigate the changing markets," said Chief Executive Officer Andi Case.
"I have great confidence in the outlook for Clarksons, which has been built to maximise value from the global mega-trends of the green transition, digitalisation and ever more complex global trade dynamics."
Clarkson lifted its interim dividend to 30 pence per share, up 3.4% from 29p year-on-year.
Clarkson says its full-year expectations are unchanged, while it remains mindful of headwinds.
"The board has great confidence in the outlook for Clarksons, which has been built to maximise value from the global mega-trends of the green transition, digitalisation and ever more complex global trade dynamics," said CEO Case.
Shares in Clarkson were down 0.7% at 2,850.00 pence in London on Monday morning.
By Will Neill, Alliance News reporter
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Clarkson (CKN)