Business
Preliminary results year ended 31 December 2017
Preliminary results year ended 31 December 2017.
About this update from James Fisher And Sons Plc
[{"type":"text","content":"\n \nRNS Number : 9865F Fisher (James) & Sons plc 27 February 2018 \n\n \n \n \n \n \n \n27 February 2018\n \n \nJames Fisher and Sons plc\nPreliminary results for the year ended 31 December 2017\n \n \nJames Fisher and Sons plc (FSJ.L) (\"James Fisher\"), the leading marine service provider, announces its results for the year ended 31 December 2017.\n \n\n\n\n\n \n\n\n2017\n\n\n2016\n\n\n% change\n\n\n\n\nRevenue \n\n\n£505.4m\n\n\n£466.0m\n\n\n+9%\n\n\n\n\nUnderlying operating profit *\n\n\n£55.8m\n\n\n£50.8m\n\n\n+10%\n\n\n\n\nUnderlying profit before tax *\n\n\n£50.3m\n\n\n£45.8m\n\n\n+10%\n\n\n\n\nUnderlying diluted earnings per share *\n\n\n81.4p\n\n\n76.3p\n\n\n+7%\n\n\n\n\nTotal dividend per share\n\n\n28.70p\n\n\n26.15p\n\n\n+10%\n\n\n\n\nStatutory profit before tax\n\n\n£49.0m\n\n\n£44.9m\n\n\n+9%\n\n\n\n\nStatutory diluted earnings per share\n\n\n79.5p\n\n\n78.7p\n\n\n+1%\n\n\n\n\n \n* excludes separately disclosed items \n \nHighlights:\n \n· Revenue up 9%, exceeding £500m for the first time\n· Underlying operating profit up 10%\no Increases in Marine Support, Specialist Technical and Tankships\no Marine Support ahead 17%\n· Underlying profit before tax 10% higher at £50.3m \n· Dividends increased for 23rd consecutive year, up 10% to 28.7 pence per share\n \nCommenting on the results, Chief Executive Officer, Nick Henry, said:\n \n\"James Fisher had another good year in 2017 producing an underlying profit before tax of £50.3m, an increase of 10% over the prior year. Three of our four divisions improved their results with Marine Support leading the way with a 17% improvement in profits. \n \nThe strength of the Group's business model with its broad spread of activities across the marine sector; its strong international presence and its ability to innovate and grow new businesses gives the Board a positive view of the year ahead and confidence of the Group's potential to provide further growth and value for our shareholders in the future.\"\n \nFor further information: \n \n\n\n\n\nJames...