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- Transport and infrastructure
- Renewable energy
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- Mooring and fendering
- Nuclear equipment and services
- Offshore support
- Design and engineering
- Submarine rescue
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- Construction plant productivity and safety
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- Intelligent Fender System™
- Load cells
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- PyroSentry™
- Radiation detection equipment
- Strain rings
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- Vessel Motion Monitoring System™
- X-ray inspection systems
- Container Weight System™
- Crane overload monitoring
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- Load shackles
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- Trading update and AGM statement
- JFD awarded significant contract with UK MOD Salvage and Marine Operations
- James Fisher releases its Annual Report for 2016
- James Fisher acquires wind turbine specialists Rotos 360
- Archive
- StressAlert™ to enhance Gaza FSO's safety
- JFSE responds to SapuraKencana's subsea trenching needs
- JFD demonstrates NATO Submarine Rescue System capabilities
- Supporting PFSP decommissioning at Sellafield
- Archive
- JFD prepares for final SPHL testing with Vanguard
- James Fisher engineering and technology open day
- JFD pressure tests artist's sculptures for an exhibition
- Launch of zone 1 hazardous area wireless load monitoring products
- Archive
31 August 2016
Half year results 2016.
James Fisher, the leading marine service provider, announces its results for the six months ended 30 June 2016.
| H1 2016 | H1 2015 | |
| Group revenue | £209.3m | £213.1m |
| Underlying operating profit* | £19.9m | £20.0m |
| Underlying profit before tax* | £17.5m | £17.8m |
| Underlying diluted earnings per share* | 29.4p | 29.5p |
| Interim dividend per share | 8.55p | 7.80p |
| Statutory profit before tax | £17.4m | £17.9m |
| Statutory diluted earnings per share | 29.4p | 30.0p |
* underlying profit excludes separately disclosed items.
Highlights:
- Specialist Technical, Marine Support and Tankships performed well, increasing underlying operating profit by 18%
- Offshore Oil in line with second half of 2015
- Recent contract wins, Galloper Wind farm, Indian submarine rescue and Winfrith decommissioning progressing well
- Acquisitions of Lexmar and Hughes since period end
- Continued strong cash conversion of 102% (2015: 96%)
- Interim dividend increased by 10% to 8.55p per share
Commenting on the results. Nick Henry, Chief Executive Officer said:
"Strong performances in Specialist Technical, Marine Support and Tankships, which together increased underlying operating profit by 18%, offset reduced activity levels in Offshore Oil leaving the first half similar to last year. With new contracts in renewables, defence and nuclear decommissioning contributing fully in the second half and continued firm demand for ship-to-ship services, we expect to see a resumption in growth in the second half leading to a good improvement in the result for the full year."
For more information on the Group's half year results, including the Chairman's Statement, please view the Half Year Results 2016 Investors News Feed and the Interim results 2016 presentation.
