23 June 2008
Preliminary Results
ACM Shipping Group plc (AIM:ACMG), a leading international tanker broker, today announces its Preliminary Results for the year ended 31 March 2008.
Highlights
- Total revenue up 54% on 2007 to US$39.3 million (2007: US$25.6 million)
- Like for like revenue up 22% on 2007
- Profit before amortisation and taxation up 49% to £5.5 million (2007: £3.7 million)
- Final dividend of 4 pence per share
- 12% increase in the number of spot fixtures contracted during the period
- Time charter forward order book at record level of US$24.7 million, up 27% on 2007
- Acquisition of ACM Shipping Services in December 2007 for £9.6 million
- Sale and purchase forward order book at US$7.5 million
- Basic EPS up 30%, diluted EPS up 29% while adjusted diluted EPS is up 49%
- New office formally opened in India
Subsequent Highlights
- Acquisition of Harris & Dixon Shipbrokers for a total cash consideration of £2.5 million
Commenting on the results, Johnny Plumbe, Chief Executive of ACM Shipping Group plc, said: "ACM has now been listed on AIM for 18 months and we are very pleased with our progress. As well as having made two important strategic acquisitions we have increased our revenue from organic growth. Our global presence is growing and we are confident that this base will give us a successful future."
For further information, please contact:
ACM Shipping Group plc |
|
| Johnny Plumbe, Chief Executive Ian Hartley, Finance Director |
Tel: +44 (0) 20 7930 7555 |
| jplumbe@acmshipping.co.uk ihartley@acmshipping.co.uk |
www.acmshippinggroup.com |
| Noble & Company Limited | |
| Matthew Hall, Corporate Finance | Tel: +44 (0) 20 7763 2200 |
| matthew.hall@noblegp.com | www.noblegp.com |
Media enquiries:
| Abchurch | |
| Henry Harrison Topham / Stephanie Cuthbert | Tel: +44 (0) 20 7398 7718 |
| stephanie.cuthbert@abchurch-group.com | www.abchurch-group.com |