James Fisher and Sons plc reported unaudited consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported revenue of £260.5 million against £232.5 million a year ago. Operating profit was £24.3 million against £19.7 million a year ago. Underlying operating profit was £24.5 million against £20.7 million a year ago. Profit before tax was £21.5 million against £17.1 million a year ago. Underlying profit before tax was £21.7 million against £18.1 million a year ago. Profit for the period attributable to owners of the company was £17.4 million against £14.0 million a year ago. Diluted earnings per share were 34.5 pence against 27.7 pence a year ago. Cash flow from operating activities was £25.8 million against £2.4 million a year ago. Acquisition of property, plant and equipment was £13.2 million against £9.7 million a year ago. Development expenditure was £2.2 million against £1.6 million a year ago. Underlying profit attributable to owners of the company was £17.4 million compared with £14.8 million a year ago. Adjusted diluted earnings per share were 34.5 pence against 29.3 pence a year ago. Net debt as at June 30, 2018 was £144.7 million.

The effective income tax rate on underlying profit before income tax, based on an estimated rate for the year ending 31 December 2018 is 18.7%.