Clarkson wary over oil rise impact

10th Mar 2011 18:17

Shipping services specialist Clarkson delivered on its bullish December update by lifting full year 2010 profits from £22.5m to £32.4m. Revenue was up 14.7% to £202.6m (2009: £176.7m), reflecting a strong broking division contribution as global shipping markets rebounded."Recent unforeseeable events have shown the world to be uncertain and have led to increased volatility across markets but particularly in commodities. Rates in shipping and offshore markets have started to reflect this but the full effects will only be seen as the future unfolds," chief executive Andi Case said. The dividend for the year rises to 47p from 43p.