28th Apr 2016 07:06
LONDON (Alliance News) - Marine engineering services company James Fisher & Sons PLC on Thursday said trading met its expectations in the first quarter, though no improvement materialised in its Offshore Oil operation.
Trading in its Marine Support, Specialist Technical and Tankships divisions has been good in the quarter to the end of March, the company said, but the difficult conditions in oil and gas markets which have weighed on its Offshore Oil unit have not improved on the second half of 2015.
The company said it remains positive on the outlook for 2016, with contract-led growth to power its second half performance and compensate for a weaker year-on-year performance in the first half.
James Fisher shares were down 3.0% to 1,378.00 pence early Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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