Clarkson PLC, a leading provider of integrated shipping services, has announced its unaudited Interim results for the six months ended 30 June 2024. The company reported an underlying profit before taxation of £51.5m, slightly lower than the previous year, and an interim dividend of 32p per share, marking the 22nd consecutive year of dividend increases. The Board's expectations for the year remain unchanged, with continued confidence in the outlook.
Andi Case, Chief Executive Officer of Clarkson PLC, expressed pride in the team for delivering strong results for the first half of 2024. He highlighted the confidence in being second half weighted and delivering full-year results in line with the Board's expectations, leading to the increase in the interim dividend. The company's robust balance sheet, with £178.4m of free cash resources, provides a strong foundation for future growth and investment opportunities.
The company's revenue for the six months ended 30 June 2024 was £310.1m, slightly lower than the previous year, while the underlying earnings per share stood at 129.1p. Clarkson PLC continues to drive innovation across its business, developing digital solutions to underpin its expertise and knowledge with leading technology. The Group employs over 2,000 people in over 60 different offices across its four divisions and is number one or two in all its market segments.
The Chair's review highlighted the strong start to 2024, with momentum building in the business. The company continues to invest in the best people, technology, and market intelligence to provide its teams with best-in-class tools to service clients' needs. Despite a complex geo-political and economic backdrop, the encouraging fundamentals of shipping markets have endured, with seaborne trade continuing to grow.
Clarkson PLC's highly cash-generative nature, supported by a strong balance sheet, has enabled the company to continue to invest to position the business to capitalize on opportunities in its markets. The company is listed on the main market of the London Stock Exchange under the ticker CKN and is a member of the FTSE 250 Index.
For more information, visit www.clarksons.com.