24 August 2011

Unaudited Interim Results for the 6 Months Ended 30 June 2011

Clarkson PLC ('Clarksons') is the world's leading shipping services group. From offices in 17 countries on five continents we play a vital role in the movement of the majority of commodities around the world.


• Resilient performance in challenging markets, in line with expectations

• Revenue £88.6m (2010: £101.0m) primarily reflecting the impact of the US dollar exchange rate and the exit of non-core, loss-making logistics activities

• Profit before taxation £13.5m (2010: £14.7m, before an adjustment of £2.0m for a one-off release)

• Basic earnings per share 52.6p (2010: 66.7p)

• Interim dividend 18p per share (2010: 17p per share)

• Net funds after deduction of accrued bonus entitlements £71.8m, equating to £3.80 per share

• The group is debt free following repayment of all borrowings

Andi Case, Chief executive of Clarksons commented:

"As has been well documented in recent weeks, the rate of global macroeconomic recovery remains difficult to predict.

"However, our robust performance for the first six months of 2011 has further underpinned our belief that we have the right strategy in place across our business and will continue to benefit from the breadth and global reach of our operations as we look forward into the second half of the year.

"I would like to thank all our colleagues for their hard work and commitment during the period."


Clarkson PLC 020 7334 0000
Andi Case, Chief executive
Jeff Woyda, Finance director

Hudson Sandler 020 7796 4133
Kate Hough/Andrew Leach