11th May 2023 12:20
(Alliance News) - Ocean Wilsons Holdings Ltd on Thursday said revenue grew for its subsidiary, Wilsons Sons, in the first quarter of the year.
The investor and operator of Wilson Sons SA, a maritime services company in Brazil, said Wilson Sons's first-quarter revenue rose by 8.3% to USD109.8 million from USD101.4 million a year prior. Earnings before interest, tax, depreciation and amortisation were USD46.1 million, up slightly from USD45.9 million in 2022.
Implied net asset value per share at March 31 was GBP17.81, down 5.2% from GBP18.78 in December. The implied NAV per share is based on the market value of operating subsidiaries Ocean Wilsons (Investments) Ltd, which manages Wilson Son's portfolio.
Shares in Ocean Wilsons were up 1.5% at 916.00 pence each in London on Thursday midday.
By Sabrina Penty; Alliance News reporter
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