Proactive Investors - Clarkson PLC shares rose to a six-month high on Monday morning after its results made a splash, with revenue, profit and dividend ahead of expectations.
The shipping services group said it generated revenue of £603.8mln, up 36% year on year, with profit before tax up 45% to £100.9mln.
Shipbroking had a particularly strong year as volume and market share gains aligned with high utilisation rates, driving higher freight rates, it said.
In the results statement, Clarkson chief executive Andi Case was buoyant on the outlook, saying the green transition is "driving significant activity" in the industry, which is being coupled with a supply and demand balance that will "create meaningful supply-side constraints supporting the market".
A full-year dividend of 93p was up 11%, making it the 20th consecutive year of dividend growth for the FTSE 250-listed company.
Broker Peel Hunt noted that profit was higher than the £98.3mln it had expected and the dividend above its 90p forecast, though free cash resources of £130.9mln were below its £144mln estimate.
Clarkson shares were up 5.5% at 3,485p after an hour and a half of trading, their highest since last August and just 14% off the all-time highs seen in late 2021.