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Clarkson PLC on Wednesday said it expects a significant increase in interim profit, mostly due to a strong contribution from its Broking business.
Shares were trading 8.3% higher at 3,200.00 pence each on Wednesday morning in London, making it the best FTSE 250 performer.
The London-based shipping services firm said trading in the first half of 2022 has been ‘strong.’ As a result, the company expects to report an underlying pretax profit of at least £42 million.
In the first half of 2021, the company recorded an underlying pretax profit of £27.5 million. This would represent year-on-year growth of at least 53%.
Clarkson credited its strong performance to a good contribution from all divisions, particularly from its Broking arm.
The company now expects its 2022 results to be ‘materially’ ahead of its previous expectations.
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