22 March 2023 - trading update
A trading update has been provided by the provider of expert investment, chartering, and risk management advice to the shipping and energy markets. This covers the year ended 28 February 2023 and record revenue and profitability were achieved on a simplified business strategy. The company expects to report revenue of not less than £150m (2022: £101.3m), with underlying operating profit of not less than £20m (2022: £10.1m). Cash generation has also been strong with a net cash positive position of around £6.9m as at the period end anticipated (2022: net debt of . . .
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