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James Fisher issues steady as she goes trading update

The Specialist Technical division has now completed the sea trials for the first submarine rescue vessel that was delivered to the Indian Navy in March and the associated milestone payment is expected to be received shortly. The second vess

Marine engineer James Fisher & Sons plc (LON:FSJ) left its full-year guidance unchanged after a solid performance year-to-date.

The group said revenue in the first 10 months of 2018 was up 14% year-on-year.

READ: James Fisher hikes interim dividend 10% after strong half-year showing

It said its Marine Support division continues to show good growth from its services to the Renewables sector and from global ship-to-ship services while its Offshore Oil division performed slightly better than expected.

“Overall James Fisher continues to make good progress and the outlook for the year remains unchanged,” the company said.