(Alliance News) - Clarkson PLC shares jumped on Friday, as it said it expects full-year performance to be ahead of current market expectations.
Shares in Clarkson were up 8.7% to 3,417.27 pence each in London on Friday morning, making the stock the top performer in the FTSE 250.
The London-based integrated shipping services provider announced strong fourth-quarter trading, particularly from its Broking division.
As a result, it said it now expected its full-year performance to be ahead of current market expectations.
Clarkson said 2022 underlying pretax profit was at least GBP98 million. This is up 41% from GBP69.4 million in 2021.
Back in March when Clarkson released its annual results for 2021, it said it entered 2022 "from a position of strength" and was "very well placed to capitalise on favourable market dynamics".
Clarkson's annual 2022 results will be reported on March 6.
By Greg Rosenvinge, Alliance News reporter
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Clarkson (CKN)