Clarkson sees full-year profit ahead of consensus expectations

(Sharecast News) - Shipping services firm Clarkson said on Friday that full-year underlying profit for 2020 is expected to be exceed market consensus.
Ahead of its results for the year to the end of December 2020, due in March, the company said profit will be between £42m and £45m.

"Due to macroeconomic uncertainties, the board will review the carrying value of goodwill and any need for a non-cash impairment charge prior to issuing the results," it added.

At 0806 GMT, the shares were up 3.7% at 2,893.92p.

House broker Liberum said: "This is ahead of our previous published forecast of £40.1m. While the update gives no colour on the driver of the better than expected performance, we believe this has come in the Broking division, which remains the largest contributor."

Liberum rates Clarkson at 'buy'.