Business
Preliminary results for the 12 months to 31 Dec 17
Preliminary results for the 12 months to 31 Dec 17.
About this update from Clarkson Plc
[{"type":"text","content":"\n \nRNS Number : 3344H Clarkson PLC 12 March 2018 \n\n \n 12 March 2018\n \nClarkson PLC (Clarksons) is the world's leading provider of integrated shipping services. From offices in 22 countries on six continents, we play a vital intermediary role in the movement of the majority of commodities around the world.\n \nPreliminary results\n \nClarkson PLC today announces preliminary results for the 12 months ended 31 December 2017.\n \n \nSummary\n \n· Strong performance aided by early signs of recovery across shipping markets\n \n· Underlying profit before taxation increased 12% to £50.2m (2016: £44.8m)\n \n· Underlying earnings per share up 11% to 116.8p (2016: 105.2p)\n \n· Robust balance sheet, including a 14% increase in free cash resources1 to £54.1m (2016: £47.3m)\n \n· Dividend increased by 12% to 73p; 15 years of consecutive dividend increases\n \n \n¹ Free cash resources are cash and cash equivalents and current investment deposits, after deducting amounts accrued for performance-related bonuses, outstanding loan notes and monies held by regulated entities.\n \n \n\n\n\n\n \n\n\nYear ended \n\n\nYear ended \n\n\n\n\n \n\n\n31 December 2017\n\n\n31 December 2016\n\n\n\n\n Revenue \n\n\n£324.0m\n\n\n£306.1m\n\n\n\n\n Underlying profit before taxation*\n\n\n£50.2m\n\n\n£44.8m\n\n\n\n\n Reported profit before taxation\n\n\n£45.4m\n\n\n£47.3m\n\n\n\n\n Underlying earnings per share*\n\n\n116.8p\n\n\n105.2p\n\n\n\n\n Reported earnings per share\n\n\n104.4p\n\n\n119.7p\n\n\n\n\n Dividend per share\n\n\n73p\n\n\n65p \n\n\n\n\n \n \n* Before acquisition related costs of £4.8m (2016: exceptional income of £11.1m and acquisition related costs of £8.6m)\n \n \n \nAndi Case, Chief Executive Officer, commented:\n \n\"I am pleased to report another year of strong growth as we have consolidated our market-leading position and continue to innovate and expand our offering to keep Clarksons at the forefront of the shipping industry. \n&nbs...