Business
Half Year Results 2017
Half Year Results 2017.
About this update from James Fisher And Sons Plc
[{"type":"text","content":"\n \nRNS Number : 2282P Fisher (James) & Sons plc 30 August 2017 \n\n \n \n \n30 August 2017\n \nJames Fisher and Sons plc\nHalf Year Results 2017\n \nJames Fisher and Sons plc (FSJ.L) (\"James Fisher\" or \"the Group\"), the leading marine service provider, announces its results for the six months ended 30 June 2017.\n \n\n\n\n\n\n\n\nH1 2017\n\n\nH1 2016\n\n\n% change\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGroup revenue \n\n\n£235.8m\n\n\n£209.3m\n\n\n+13%\n\n\n\n\nUnderlying operating profit *\n\n\n£21.3m\n\n\n£19.9m\n\n\n+7%\n\n\n\n\nUnderlying profit before tax *\n\n\n£18.6m\n\n\n£17.5m\n\n\n+6%\n\n\n\n\nUnderlying diluted earnings per share *\n\n\n30.1p\n\n\n29.4p\n\n\n+2%\n\n\n\n\nInterim dividend per share\n\n\n9.40p\n\n\n8.55p\n\n\n+10%\n\n\n\n\nStatutory profit before tax\n\n\n£17.6m\n\n\n£17.4m\n\n\n+1%\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* underlying profit excludes separately disclosed items.\n \nHighlights:\n \n· Revenue up 13% at £235.8m (2016: £209.3m)\n· Underlying operating profit 7% higher at £21.3m (2016: £19.9m)\n· Strong profit growth in Specialist Technical \n· Underlying diluted earnings per share up 2% to 30.1p (2016: 29.4p) per share\n· Interim dividend raised by 10% to 9.4p per share\n \nCommenting on the results, Nick Henry, Chief Executive Officer said:\n \n\"James Fisher had a positive start to the year with revenue increasing by 13% to £235.8m and underlying operating profit by 7%. The phasing of renewables projects within Marine Support combined with a degree of recovery in maintenance activity in the oil and gas sector indicates stronger growth for the Group in the second half leading to a good improvement in the result for the year.\"\n \nFor further information: \n \n\n\n\n\nJames Fisher and Sons plc\n\n\nNick Henry\nStuart Kilpatrick\n\n\nChief Executive Officer\nGroup Finance Director\n\n\n020 7614 9508\n\n\n\n\nFTI Consulting \n\n\nSusanne Yule\nRichard Mountain\n\n\n\n\n\n0203 727 1340\n\n\n\n\n \nChairman's Statement\n \nHalf Year Results for the six months ended 30 June 2017\n \nResults\n \nI am pleased to report that James Fisher had a positive start to the year with revenue in the first half increasing by 1...