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Clarkson FY18 Pretax Profit Declines - Quick Facts

Clarkson plc (CKN.L) reported fiscal 2018 pretax profit of 42.9 million pounds compared to 45.4 million pounds, prior year. Earnings per share was 98.6 pence compared to 104.0 pence. Underlying profit before tax declined to 45.3 million pounds from 50.2 million pounds. Underlying earnings per share was 104.9 pence compared to 116.4 pence.

Fiscal year revenue improved to 337.6 million pounds from 324.0 million pounds, prior year.

The Board recommended a final dividend of 51 pence. Combined with the interim dividend of 24 pence, the resulting full year dividend is up 3% to 75 pence. The dividend will be payable on 31 May 2019 to shareholders on the register at 17 May 2019, subject to shareholder approval.

Andi Case, CEO, said: "Geo-political uncertainty and natural disasters are currently affecting global sentiment and exchange rates, which in part offsets the better visibility from an improved forward order book. These headwinds are having an impact, in particular within our financial segment, but as the year progresses, we expect these to diminish and the impact from changes in regulation around sulphur emissions to begin. Consequently, we believe that the strength and breadth of Clarksons, enhanced by technology platforms which continue to be rolled out to our clients, positions the Group well for the future. The Board remains confident about the longer-term outlook for Clarksons."

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