Clarkson PLC - London-based shipping services provider - Says trading in December was stronger than anticipated. Expects underlying profit before tax for 2021 to be no less than GBP69 million. This is bumped up from the previous expectation of no less than GBP65 million, announced in early December. In 2020, Clarkson posted underlying pretax profit of GBP44.7 million, meaning it expects at least a 54% year-on-year increase. "Areas which outperformed expectations in December included the Broking division, where the Sale & Purchase team completed a number of asset transactions and the Financial division, where the Project Finance and Securities teams completed a number of financing transactions," company explains.
Current stock price: 3,989.89, up 4.5%
12-month change: up 43%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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Clarkson (CKN)