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James Fisher And Sons FY19 Profit Down; Lifts Dividend

Marine service provider James Fisher and Sons plc (FSJ.L) reported Thursday that its fiscal 2019 profit before tax declined to 47.8 million pounds from last year's 55.4 million pounds.

Earnings per share dropped to 72.7 pence from 88.9 pence a year ago.

Underlying profit before tax was 58.5 million pounds, compared to 56.1 million pounds a year ago. Underlying earnings per share were 92.8 pence, compared to 89.5 pence a year ago.

Revenue grew 10 percent to 617.1 million pounds from last year's 561.5 million pounds. Revenue went up 6 percent on an organic basis.

Further, the company proposed a final dividend in respect of the year 2019 of 23.4 pence per share, up 10 percent from 21.3 pence last year. If approved by shareholders, the total dividend for the year will be 34.7p per share, a 10 percent increase on 2018.

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