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Clarkson H1 Profit Rises; Says Confident Of Longer-term Outlook - Quick Facts

Clarkson PLC (CKN.L), a provider of integrated shipping services, reported Monday that its first-half profit before taxation increased to 19.2 million pounds from 18 million pounds last year.

Earnings per share were 46.2 pence, up from 42.5 pence last year.

Underlying profit before taxation was 20.1 million pounds, compared to 19.2 million pounds a year ago. Underlying earnings per share were 48.5 pence, compared to 45.8 pence in the previous year.

Revenue for the period grew to 167.8 million pounds from 152.6 million pounds last year. This was despite challenges remaining in the shipping, offshore and capital markets.

Further, the Board has declared an increased interim dividend of 25 pence per share, higher than last year's 24 pence, to be paid on September 20 to shareholders on the register at the close of business on September 6.

Looking ahead, the company said it continues to expect full-year results to be second half weighted. The company is encouraged by current trading conditions in the broking sector despite the ongoing challenges from market sentiment and global macro-economic uncertainty.

Andi Case, Chief Executive Officer, said, "We remain confident in the longer-term outlook for Clarksons, as we look to further strengthen our market-leading position across the shipping markets."

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