Business
Final Results for the year ended 31 December 2019
Final Results for the year ended 31 December 2019.
About this update from James Fisher And Sons Plc
[{"type":"text","content":"\n \n \n RNS Number : 3194E\n Fisher (James) & Sons plc\n 27 February 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n 27 February 2020\n \n \n \n \n \n \n \n \n James Fisher and Sons plc\n \n \n Preliminary announcement of final results for the year ended 31 December 2019\n \n \n \n \n \n \n \n \n James Fisher and Sons plc (FSJ.L) ('James Fisher'), the leading marine service provider, announces its final results for the year ended 31 December 2019.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2019\n \n \n \n \n 2018\n \n \n \n \n % change\n \n \n \n \n \n \n Revenue \n \n \n \n \n £617.1m\n \n \n \n \n £561.5m\n \n \n \n \n +10%\n \n \n \n \n \n \n Underlying operating profit *\n \n \n \n \n £66.3m\n \n \n \n \n £62.1m\n \n \n \n \n +7%\n \n \n \n \n \n \n Underlying profit before tax *\n \n \n \n \n £58.5m\n \n \n \n \n £56.1m\n \n \n \n \n +4%\n \n \n \n \n \n \n Underlying diluted earnings per share *\n \n \n \n \n 92.8p\n \n \n \n \n 89.5p\n \n \n \n \n +4%\n \n \n \n \n \n \n Total dividend per share\n \n \n \n \n 34.7p\n \n \n \n \n 31.6p\n \n \n \n \n +10%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Statutory operating profit\n \n \n \n \n £55.6m\n \n \n \n \n £61.4m\n \n \n \n \n \n \n \n \n \n \n \n \n \n Statutory profit before tax\n \n \n \n \n £47.8m\n \n \n \n \n £55.4m\n \n \n \n \n \n \n \n \n \n \n \n \n \n Statutory diluted earnings per share\n \n \n \n \n 72.7p\n \n \n \n \n 88.9p\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n * excludes separately disclosed items 2019: £10.7m (2018: £0.7m) (note 4)\n \n \n \n \n \n Highlights:\n \n \n \n \n \n § \n Reported revenue up 10% and up 6% on an organic basis\n \n \n § \n Underlying operating profit up 7%, driven by strong Offshore Oil performance \n \n \n § \n Investment of £105m in capital and acquisitions\n \n \n § \n Total dividend increased by 10%\n \n \n § \n Eoghan O'Lionaird appointed as Chief Executive Officer on 1 October 2019\n \n \n \n \n \n Commenting on the results, Chief Executive Officer, Eoghan O'Lionaird, said:\n \n \n \n \n \n \"Following a strong second half, the Group delivered a 7% increase in underlying operating profit in the full year. A strong recovery in our Offshore Oil division, further p...