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James Fisher hamstrung by expenses

The group's energy division performed admirably, but the outlook for the offshore wind and oil and gas markets is unsettled
September 21, 2023
  • Net debt increases as a proportion of shareholder funds
  • Energy division driving revenue

James Fisher & Sons (FSJ) registered an encouraging revenue increase at the half-year mark, along with a slight uptick in the gross margin. Unfortunately, a steep rise in administrative expenses linked to refinancing legal and advisory costs and increased debt servicing charges sent the engineering services group to a net earnings loss for the period.

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