Clarkson (CKN)

Sector:

Commercial Transport

Index:

FTSE 250

NULL
   
  • Closing Price Chg:
      10.00p
  • 52 Week High: NUL
  • 52 Week Low: 2,995.00p
  • Currency: UK Pounds
  • Shares Issued: 30.78m
  • Volume: 0
  • RiskGrade: 171

Clarksons posts drop in interim profits but lifts dividend, backs FY outlook

By Michele Maatouk

Date: Monday 05 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Shipping services firm Clarksons reiterated its expectations for the full year on Monday even as it posted a drop in interim profit and revenue.
In the six months to 30 June, underlying pre-tax profit fell to £51.5m from £53.1m in the same period a year earlier, with revenue down to £310.1m from £321.1m.

Clarksons said the broking division had another successful first half, with strong performances across all major segments.

Both spot and forward business transacted was ahead of the same period last year, it said.

While reported divisional profit was slightly lower than in the first half, the performance is expected to be second half weighted due to the invoicing profile of the forward order book, Clarksons said.

The company said that against a "challenging" geopolitical backdrop and global economic uncertainty, the "encouraging" fundamentals of the shipping markets continue, with global supply and demand dynamics remaining positive.

"Supply-side constraints have resulted in relatively low order books in many sectors, most notably bulkers and tankers," it said.

"Limited berth availability at shipyards creating long lead times for new orders, high newbuild prices from increased commodity and labour costs and uncertainty around fuelling technologies, all continue to constrain the building of new vessels."

Chief executive Andi Case said: "The profile and further development of the forward order book, level of new business being transacted and pipeline for the second half, means that we have confidence that we will be second half weighted and deliver full year results in line with the board's expectations.

"This confidence has enabled the board to increase the interim dividend by 2p to 32p, continuing the progressive dividend policy into the 22nd year."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Clarkson Market Data

Currency UK Pounds
Share Price NULL
Closing Price Change 10.00p
% Change 0.00 %
52 Week High NUL
52 Week Low 2,995.00p
Volume 0
Shares Issued 30.78m
RiskGrade 171

Clarkson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.81% below the market average73.81% below the market average73.81% below the market average73.81% below the market average73.81% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
33.04% below the market average33.04% below the market average33.04% below the market average33.04% below the market average33.04% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Income
19.33% above the market average19.33% above the market average19.33% above the market average19.33% above the market average19.33% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Growth
24.41% above the market average24.41% above the market average24.41% above the market average24.41% above the market average24.41% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average

What The Brokers Say

Strong Buy 7
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 8
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Clarkson Dividends

  Latest Previous
  Final Interim
Ex-Div 08-May-25 29-Aug-24
Paid 23-May-25 13-Sep-24
Amount 77.00p 32.00p

Trades for --2025

Time Volume / Share Price
0 @ 0.000p

Clarkson Key Personnel

CEO Andi Case

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