29th Apr 2021 11:27
James Fisher & Sons PLC - Barrow In Furness, Cumbria-based marine services - Says first quarter, typically its weakest, was in line with management expectations. Revenue falls 16% to GBP109.3 million from GBP129.4 million. "Offshore Oil and Specialist Technical performed well and, in aggregate, offset reduced volumes in Tankships," James Fisher says. "In Marine Support, ship-to-ship transfers were in line with expectations. Whilst activity levels remain subdued due to Covid-19 restrictions, tendering volumes for renewables and oil & gas projects have been strong." As a result, it says it on track for improved full year performance.
Current stock price: 1,045.05 pence, up 2.3% on Thursday
Year-to-date change: up 10%
By Eric Cunha; [email protected]
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