By Anthony O. Goriainoff
James Fisher & Sons said Wednesday that its performance in the five-month period to May 31 was slightly ahead of the board's expectations, and that despite uncertainty in the macroeconomic environment its markets remained resilient and the board's outlook for the year remains unchanged.
The U.K. marine-services provider said its three divisions--energy, defense and maritime transport--stared the year well and delivered solid on-year revenue and underlying operating profit growth in the period.
The company said its defense business was showing improved performance after a challenging 2022, and that sales of diving equipment were ahead of last year's. It added that the sales pipeline remained robust and that it was confident of securing new projects in the second half.
Shares at 0846 GMT were up 0.50 pence, or 0.1%, at 401.50 pence.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
June 14, 2023 05:00 ET (09:00 GMT)
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