2022 interim performance summary
- Underlying profit before taxation* of £42.2m (2021: £27.5m), an increase of 53.5%
- Underlying earnings per share* increased by 54.5% to 98.9p (2021: 64.0p)
- Particularly strong performance in Broking segment
- Robust balance sheet, with £102.5m of free cash resources* (31 December 2021: £92.3m)
- Increased interim dividend of 29p per share (2021: 27p per share)
Interim results summary
To 30th June 2022
Six months ended
|
Six months ended 30 June 2021 |
|
| Revenue |
£266.7m |
£190.1m |
| Underlying profit before taxation* |
£42.2m |
£27.5m |
| Reported profit/(loss) before taxation |
£42.0m |
£27.3m |
| Underlying basic earnings per share* |
98.9p |
64.0p |
| Reported basic earnings/ (loss) per share |
98.5p |
63.5p |
| Dividend per share |
29p |
27p |
* Classed as an Alternative Performance Measure (APM).
2021 performance summary
- Record year for underlying profit
- Particularly strong performance in Broking and Financial Services
- 19th consecutive year of dividend growth
- Underlying basic earnings per share increased by 56.2% to 165.6p
- Forward order book going into 2022 is significantly larger than at the same time last year
- Robust balance sheet with increased free cash resources of £92.2m (2020: £81.1m)
- Successful rollout of Sea/ products to clients during the year
- Medium-term macro environment for shipping favourable as demand / supply dynamics improving post pandemic
- Actively supporting the green transition in shipping and benefit from the expected economic and global trade recovery.
Results summary
To 31st December 2021
31 December 2021 |
31 December 2020 | |
| Revenue |
£443.3m |
£358.2m |
| Underlying profit before taxation* |
£69.4m |
£44.7m |
| Reported profit/(loss) before taxation |
£69.1m |
(£16.4m) |
| Underlying basic earnings per share* |
165.6p |
106.0p |
| Reported basic earnings/ (loss) per share |
164.6p |
(95.2p) |
| Dividend per share |
84p |
79p |
* Classed as an Alternative Performance Measure (APM).