Clarkson reported underlying EPS of 57.5p, up 9% YoY despite the challenging conditions in the shipping market. The interim dividend was increased by 1p to 23.0p per share and the final tranche of the Platou loan note was paid off. These results were in line with our forecasts, which we leave unchanged. However, now that the balance sheet is debt free and with cash generation at the pace we anticipated, we expect market attention to turn toward the potential for a very material increase in di
14 Aug 2017
1H17 interims – Now debt free
Sign up to access
Get access to our full offering from over 100 providers
Get access to our full offering from over 100 providers
1H17 interims – Now debt free
Clarkson PLC (CKN:LON) | 3,772 -565.9 (-0.4%) | Mkt Cap: 1,166m
- Published:
14 Aug 2017 -
Author:
Colin Smith -
Pages:
4 -
Clarkson reported underlying EPS of 57.5p, up 9% YoY despite the challenging conditions in the shipping market. The interim dividend was increased by 1p to 23.0p per share and the final tranche of the Platou loan note was paid off. These results were in line with our forecasts, which we leave unchanged. However, now that the balance sheet is debt free and with cash generation at the pace we anticipated, we expect market attention to turn toward the potential for a very material increase in di