22 August 2012

Unaudited Interim Results for the 6 Months Ended 30 June 2012

Clarkson PLC ('Clarksons') is the world's leading shipping services group. From offices in 15 countries on five continents, we play a vital intermediary role in the movement of the majority of commodities around the world.

Summary

  • Market-leading performance in demanding conditions
  • Revenue £88.0m (2011: £88.6m)
  • Profit before taxation £14.7m (2011: £13.5m)
  • Profit before taxation before exceptional income item and acquisition costs £11.0m (2011: £13.5m)
  • Basic earnings per share 54.0p (2011: 52.6p)
  • Interim dividend 18p per share (2011: 18p per share)
  • Strong balance sheet, with £76.4m of net funds (31 December 2011: £71.1m)

Andi Case, chief executive, commented:

"The global economic slowdown and political uncertainty overshadow our industry.
Clarksons has shown immense resilience in the face of this tough environment. Our results reflect the commitment and effort of the Team, aided by the continued investment in our platforms, which further enhance the comprehensive offer to our customers. These strengths are supported by a robust cash position and a solid balance sheet giving us real competitive advantage as we face the second half of the year."

Enquiries:

Clarkson PLC
020 7334 0000

Andi Case, Chief executive
Jeff Woyda, Finance director

Hudson Sandler
020 7796 4133

Andrew Leach
Katie Matthews