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Clarkson says annual performance to be second-half weighted; swings to loss in 2020 | 8 March 2021


8 March 2021 | 07:41am
StockMarketWire.com - Shipping services provider Clarkson said annual results would be second-half weighed after reporting performance in 2020 that was ahead of market expectations despite swinging to a loss.
For the year ended 31 December 2020, pre-tax losses were £16.4 million compared with a profit of £0.2 million year-on-year as revenue fell to £358.2 million from £363 million.
The loss comes as maritime capital markets and energy demand had been severely affected by the pandemic, resulting in a £60.6 million write down.
The company, however, said the underlying financial performance was robust and ahead of market expectations.
The final dividend was raised by a penny to 54 pence, taking the full year dividend to 79 pence, up from 78 pence. ....

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