6th Jan 2014 08:20
LONDON (Alliance News) - Clarkson PLC Monday said it will beat the market's expectations for the full-year after a strong performance from its Sale and Purchase business in December.
The shipping services provider, which was issuing a pre-close trading update for the full-year, said the Sale and Purchase business was the outstanding performer against generally strong activity levels.
Clarksons revised expectations means its expectations have improved since early November, when it left expectations unchanged in spite of strong third-quarter trading.
However, global shipping markets remain challenging, according to Clarksons, although it has seen some improvement in rates in some of its markets.
Clarksons said it remains confident in its strategy as it enters the new financial year, attributing its optimism to its "robust" balance sheet.
The shipping services provider will publish its preliminary results for the full-year ending December 31, 2013 on March 10, 2014.
By Samuel Agini; [email protected]; @samuelagini
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