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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
30 June 2022
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).