5 May 2022 - trading update

At the AGM the company revealed that revenues in the first three months of 2022 was £109.9m (2021: £109.3m) with good growth seen in the Offshore Oil and Tankships divisions although the Specialist Technical division saw revenues decline as a number of projects neared completion.  Marine Support revenues were at a similar level to last year A number of new projects are now beginning and this will ensure a good performance through the busy summer months.  We continue to rate the shares as a BUY.

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