SHARES in marine engineer James Fisher & Sons shot up yesterday on the back of a 21 per cent rise in first-half profit as it fulfilled a number of major contract deliveries.
Underlying pretax profits rose from £14.1 million to £17.1m on a 27 per cent rise in revenue to £188.3m. Three of the company’s four divisions posted growth, prompting it to raise its interim dividend by 10 per cent 5.87p. The company provides ship-to-ship transfer services and as well as decommissioning operations for the nuclear industry. It also manufactures and rents equipment for the offshore oil and gas industry.
New chairman Charles Rice said the firm was showing “strong growth”. Shares, up 31 per cent this year, closed up 27.5p or 4.3 per cent at 673p.
