7 September 2022 - interim results
The marine service provider has released interim results covering the first half of 2022. Revenue edged up to £238.4p (2021: £233.7m) and underlying profit before tax slipped to £4.8m from £9.2m. This saw underlying diluted earnings per share slip from 12.8p to 6.7p. No interim dividend was declared (2021: nil). Net debt as at 30 June 2022 was £172.4m (30 June 2021: £189.2m). July and August trading was in line with expectations and there are strong order books in Offshore Oil and Marine Contracting. We believe the . . .
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