James Fisher and Sons posts H1 2015 results

James Fisher and Sons plc , the leading marine service provider, announces its results for the six months ended 30 June 2015.
 
Group revenue -  £213.1m
 
Underlying operating profit -  £20.0m
 
Underlying profit before tax -  £17.8m
 
Underlying diluted earnings per share -  29.5p
 
Proposed interim dividend per share -  7.80p
 
Statutory profit before tax -  £17.9m
 
Statutory diluted earnings per share -  30.0p
 
· Specialist Technical, Marine Support and Tankships performed well, increasing underlying operating profit by 15%
 
· Offshore Oil significantly lower due to downturn in oil industry; swift action taken to mitigate impact
 
· Further bolt-on acquisitions of Subtech, National Hyperbaric, Mojo Maritime and X-Subsea assets
 
· Cash conversion strong at 96% (2014: 68%)
 
· Interim dividend increased by 10% to 7.80p per share