James Fisher stays buoyant

16th Mar 2010 08:47

Marine services group James Fisher saw a rise in revenues and profits in 2009 as its specialist technical division helped it shrug off the effects of the global economic downturn.Pre-tax profits rose to £24.7m from £23.6m in 2008 as revenues climbed to £249.6m from £233.6m. The total dividend for the year was lifted by 5% to 13.6p. 'James Fisher produced a robust performance in 2009 despite an economic environment which was significantly more challenging than for many years,' chairman Tim Harris said. 'The company has transformed itself over recent years and now has Marine Service divisions which are self sufficient and able to stand alone without the need for support from the strong cash flows provided by the Marine Oil division.'He said trading so far in 2010 has been in line with expectations.