Clarkson shares jump as sees better than expected profit rise in 2024

10th January 2025 08:31

(Alliance News) - Shares in Clarkson jumped on Friday after it predicted profit in 2024 would top market hopes.

In a brief statement, the London-based shipping and off-shore services provider said results for the financial year to December 31 are now anticipated to be "slightly ahead of current market expectations".

Clarkson said underlying profit before tax is now expected to be not less than GBP115 million.

In 2023, the firm reported pretax profit of GBP109.2 million.

In response, shares in Clarkson rose 8.2% to 4,207.40 pence each in London on Friday morning.

Clarkson's annual results will be reported on March 10.

By Jeremy Cutler, Alliance News reporter

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