James Fisher Plc – Half Year Results 2017

Highlights:

 

·   Revenue up 13% at £235.8m (2016: £209.3m)

·   Underlying operating profit 7% higher at £21.3m (2016: £19.9m)

·   Strong profit growth in Specialist Technical

·   Underlying diluted earnings per share up 2% to 30.1p (2016: 29.4p) per share

·   Interim dividend raised by 10% to 9.4p per share

 

Commenting on the results, Nick Henry, Chief Executive Officer said:

 

“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.”

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