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Offshore Wind Bolsters James Fisher

Fisher (James) FSJ had an encouraging first half with the UK offshore wind market having an earlier start to its summer peak. Statutory profit before tax and earnings per share for the six months to the 30th June both grew by 25%, organic revenue growth came in at 11% and the interim dividend is to be increased by 10%. All divisions enjoyed profit growth with the all important Marine Support up 21% and Specialist Technical up 19%.

Petrofac plc PFC claims a strong operational performance in all its business for the half year to the 30th June. That included turning last years net profit of $70m into a net loss of $17m although the loss was impacted by exceptional items and “certain re measurements”. An interim dividend of  12.7 cents per share is to be paid in line with the new dividend policy. Overall the Group CEO states that the figures reflect strong execution and excellent progress in delivering the company strategy. The outlook for the second half is also said to be good with good revenue visibility, a strong competitive position and healthy liquidity.

Richoux Group plc RIC has fully shared in the woes and misfortunes of the restaurant sector in the 26 weeks to the 1st July. Pressure on trading has continued and has been further impacted by temporary restaurant closures and refurbishments. Losses have however been reduced, revenue is expected to be in line with last year and it is intended to raise 1.1m. by way of a subscription at a price of 6p per ordinary share.

Starcom plc STAR Improved results demonstrate that the company is now beginning to reap the rewards of its years of investment, declares the CEO, after a 61% rise in revenue for the six months to the 30th June and a fall in the EBITDA loss from $283,000 to $40,000. Gross profit for the period rose by 36%.

 Nostra Terra O&G NTOG Produced record revenues in the first half of 2018 with a rise of 55% over the first half of 2017. A further improvement is expected in the second half as the oil price strengthens and production in the US increases

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