Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
James Fisher & Sons PLC on Thursday reported slight growth in revenue in the first quarter of 2022, despite the continued impact of the Covid-19 pandemic.
The Marine services provider said its outlook for the full year is unchanged.
Ahead of its annual general meeting, James Fisher said revenue was £109.9 million in the first three months of the year, essentially flat from £109.3 million a year before.
‘The Offshore Oil and Tankships divisions delivered good growth against a comparator period adversely impacted by the pandemic,’ the Cumbria, England-based company said.
Specialist Technical revenues were lower due to a number of projects nearing completion.
However, Marine Support revenues were at a similar level to the previous year.
Last month, the company withheld its annual dividend after a disappointing year. Pretax loss narrowed to £29.0 million in 2021 from £52.5 million in 2020, despite a 4.7% decline in revenue to £494.1 million from £518.2 million.
James Fisher shares were down 0.3% at 387.50 pence each on Thursday afternoon in London.
Copyright 2022 Alliance News Limited. All Rights Reserved.