LONDON (Thomson Financial) - ACM Shipping Group Plc. reported an increased
full-year pretax profit and higher revenues, adding it has entered into an
agreement to acquire the shipbroking business of Harris & Dixon Shipbrokers Ltd
for 2.5 million pounds in cash.
The international tanker broker posted a pretax profit of 4.82 million
pounds for the year to end-March compared with a restated profit of 3.68 million
pounds in the year-ago period. Total revenue rose to 19.6 million pounds from
13.5 million pounds.
ACM Shipping has recommended a final dividend of 4 pence per share, taking
the total dividend to 6 pence per share.
Going further, the company said the start to the current year has been
encouraging.
TFN.newsdesk@thomson.com
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