Clarkson increases its 2015 interim divided by 4.7%

DividendMax Ltd.

Clarkson increases its 2015 interim divided by 4.7%

Summary

Robust performance despite continued challenging market conditions in some of our markets

Strong performance from broking division in tankers, specialised products and gas markets

Clarksons Platou Securities completed a number of significant transactions with pipeline looking strong for the second half of 2015

Completed acquisition of RS Platou ASA and integration progressing in line with plans

Rebranding of broking and financial services under the banner Clarksons Platou now complete

Merged teams in London, Oslo and New York

Financials

Revenue increased by 30% to £145.3m (2014: £111.7m)

Underlying profit before taxation*1 49% ahead at £23.6m (2014: £15.8m)

Underlying earnings per share*1 54.3p (2014: 62.2p)

Increased interim dividend 22p per share (2014: 21p per share)

Strong balance sheet, with £86.7m of net funds2 underpinning long-term growth

Companies mentioned