LONDON (ShareCast) - James Fisher, the FTSE 250 Marine Services business, has reported continued positive trading with revenue in the third quarter up 11 per cent on the same period in 2012.

Overall, results for the period were in line with its expectations, which it said reflected the strength of its strategy to focus on niche, high growth marine services markets in fast growing regions of the world.

"Although working capital is expected to increase with the growth in the businesses anticipated in the second half, the group's strong balance sheet and record of cash generation enables it to continue to take advantage of suitable bolt-on acquisition opportunities as they arise," the company said.

It added that it "remains well positioned to deliver further growth and value for shareholders".

NR

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