Revenues rose 11% to £71.6m and PBT by 11% to £2.5m. Shipbroking has seen a strong performance. Financial has performed ahead of expectations. Technical faced tough trading conditions, especially in Offshore. The 5p interim dividend is maintained. The group expects to meet full year market expectations, dependent upon certain large shipping finance projects concluding in the current period. We have maintained our FY2019E PBT forecast of £9.5m. The shares are on a PER of 9.2x
