UK's Clarkson tumbles as profit drops; co reiterates annual outlook

Clarkson

05/08/2024 08:47

** Shares in Clarkson Plc  CKN.L   RIC  down as much as 20%
to 3,500p 
    ** Stock among top losers on London's FTSE 250 index
 .FTMC , which is down 3.16% in morning trade
    ** Shipping services firm reiterates its annual forecast
after reporting a fall in its interim profit amid an uncertain
geopolitical and economic backdrop
    ** Underlying profit before tax for the six months ended on
June 30 down 3% to 51.5 million pounds ($65.79 million)
    ** "The profile and further development of the forward order
book, level of new business being transacted and pipeline for
the second half, means that we have confidence that we will be
second-half weighted and deliver full year results in line with
the Board's expectations" - CEO  Andi Case
    ** As of last close, stock up 38% YTD


($1 = 0.7828 pounds)

 (Reporting by Radhika Anilkumar in Bengaluru;)
 ((Radhika.Anilkumar@thomsonreuters.com;))