Clarkson PLC, the world's leading provider of integrated shipping services, has announced its unaudited interim results for the six months ended June 30, 2023. The company reported an underlying profit before taxation of £53.1 million, a 25.8% increase compared to the same period in 2022. Underlying earnings per share also increased by 35.0% to 133.5p. The Broking segment performed particularly well, contributing to the strong overall performance.
The company's balance sheet remains robust, with £128.2 million of free cash resources. Clarkson PLC also increased its interim dividend to 30p per share, up from 29p per share in 2022. The board's expectations for the year remain unchanged, and they have confidence in the medium-term outlook.
Andi Case, Chief Executive Officer of Clarkson PLC, expressed his satisfaction with the company's performance, stating, "I am pleased to report an outstanding result for Clarksons in the first half of 2023, which reflects the continued momentum in the business and effective execution of our strategy as we help clients navigate the changing markets."
Clarkson PLC is well-positioned to capitalize on global mega-trends such as the green transition, digitalization, and complex global trade dynamics. The company's strong market position, investment in technology, and global presence have positioned it for continued growth and success.
Clarkson PLC is listed on the London Stock Exchange and is a member of the FTSE 250 Index. The company has a diverse and growing client base and offers a range of shipbroking services, sector research, logistical support, and investment banking capabilities in the shipping and offshore markets.