Business
Interim Results
Interim Results.
About this update from Clarkson Plc
[{"type":"text","content":"\n \n \n RNS Number : 5698V\n Clarkson PLC\n 10 August 2020\n \n \n \n \n \n \n \n 10 August 2020\n \n \n \n \n \n Clarkson PLC (Clarksons) is the world's leading provider of integrated shipping services. With offices in 23 countries on six continents, we play a vital intermediary role in the movement of the majority of commodities around the world.\n \n \n \n \n \n Interim results\n \n \n \n Clarkson PLC today announces unaudited interim results for the six months ended 30 June 2020.\n \n \n \n \n Summary\n \n \n \n \n \n · \n Robust first half performance \n \n \n \n \n \n · \n Particularly strong trading in the Broking division\n \n \n \n \n \n · \n Underlying profit before taxation of £21.1m (2019: £20.1m)\n \n \n \n \n \n · \n Underlying earnings per share of 51.4p (2019: 48.5p)\n \n \n \n \n \n · \n Robust balance sheet, with £88.8m of free cash resources1 (31 December 2019: £68.7m)\n \n \n \n \n \n · \n Board has decided to pay the equivalent of the deferred 2019 final dividend of 53p per share as an interim dividend and \n declared a further interim dividend for 2020 of 25p per share (2019: 25p per share)\n \n \n \n \n \n \n 1 \n \n Free cash resources are cash and cash equivalents and current investment deposits, after deducting interest-bearing loans and borrowings, amounts accrued for performance-related bonuses and amounts held by regulated businesses\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Six months ended \n \n \n \n \n Six months ended \n \n \n \n \n \n \n \n \n \n 30 June 2020\n \n \n \n \n 30 June 2019\n \n \n \n \n \n \n Revenue \n \n \n \n \n £180.4m\n \n \n \n \n £167.8m\n \n \n \n \n \n \n Underlying profit before taxation*\n \n \n \n \n £21.1m\n \n \n \n \n £20.1m\n \n \n \n \n \n \n Reported profit before taxation\n \n \n \n \n £20.9m\n \n \n \n \n £19.2m\n \n \n \n \n \n \n Underlying earnings per share*\n \n \n \n \n 51.4p\n \n \n \n \n 48.5p\n \n \n \n \n \n \n Reported earnings per share\n \n \n \n \n 50.6p\n \n \n \n \n 46.2p\n \n \n \n \n \n \n Interim dividend per share\n \n \n \n \n 25p\n \n \n \n \n 25p\n \n \n \n \n \n \n \n \n \n * Before acquisition related costs of £0.2m (2019: £0.9m).\n \n \n \n \n \n \n \n \n Andi Case, Chief Executive Offi...