Clarkson PLC (Clarksons) has announced results for the six months ended 30 June 2015.
Summary
Robust performance despite continued challenging market conditions in some of our markets
Strong performance from broking division in tankers, specialised products and gas markets
Clarksons Platou Securities completed a number of significant transactions with pipeline looking strong for the second half of 2015
Completed acquisition of RS Platou ASA and integration progressing in line with plans
Rebranding of broking and financial services under the banner Clarksons Platou now complete
Merged teams in London, Oslo and New York
Financials
Revenue1 increased by 30% to £145.3m (2014: £111.7m)
Underlying profit before taxation*1 49% ahead at £23.6m (2014: £15.8m)
Underlying earnings per share*1 54.3p (2014: 62.2p)
Increased interim dividend 22p per share (2014: 21p per share)
Strong balance sheet, with £86.7m of net funds2 underpinning long-term growth
1 Including 5 months post-acquisition results of RS Platou ASA
2 Net funds is cash and cash equivalents, less overdrafts and bonus entitlements
* Before exceptional items and acquisition costs