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James Fisher reports 4% hike in profits

By Daily Mail Reporter
Updated: 04:08 EDT, 24 August 2010

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Marine services firm James Fisher reported a 4% increase in first-half pre-tax profit on a strong performance from its specialist technical division, which includes nuclear decommissioning services.

The company, whose services include ship-to-ship oil transfer at sea and submarine rescue, hiked its interim dividend by 5% to 5.04p, recorded a pre-tax profit of £13.5m in the six months to the end of June, compared with £13m the year earlier.

Group revenue rose by 1% to £131.6m as sales in the specialist business rose by 17.6% to £58.9m.

Shares in the company increased by 1.75p to 456.75p.

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