14 March 2022 - final results

The specialist shipping group has announced its results for the year to 31 December and these have revealed a small drop in revenues to £494m (2020: £518m) with underlying profit before tax falling to £19.7m (2020: £31.5m).  Diluted earnings per share on the same basis were significantly lower at 20.0p (2020: 47.9p) and there was no dividend (2020: 8.0p). The year was clearly challenging due to the pandemic but compounded by the fact that markets recovered more slowly than expected and some businesses encountered more challenging conditions than expected.  Although . . .

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