Clarkson PLC
24 May 2006
CLARKSON PLC
CHAIRMAN'S COMMENTS FROM ANNUAL GENERAL MEETING
ON 24 MAY 2006
TRADING STATEMENT
'Trading in 2006 is meeting management's expectations.
Our shipbroking business is benefiting from a strong forward order book and,
whilst freight rates have fallen from last year's high, continues to see good
volumes of business being written. However, since the end of 2005 the US dollar,
the trading currency in which the majority of the group's income is invoiced,
has weakened significantly. Set against our concerns about the currency is our
enthusiasm about new acquisitions in S&P and potential additions to our existing
specialised products and dry bulk portfolios.
All our other business activities are performing at or above expectation.
Your company remains well placed to produce another excellent result in 2006.
I would also like take this opportunity once again to thank all our employees
who made such a significant contribution in achieving the record result in
2005.'
Notes to editors
Background to Clarkson PLC
Clarkson PLC (which is listed on the London Stock Exchange) is acknowledged as
the world's leading shipping services group. Through its unrivalled and
extensive global network of offices it is able to give its clients unique access
to a wide range of shipping services. Clarksons covers shipbroking, research,
publications, derivatives and logistics. Clarksons' strategy is to expand and
develop the group around these key activities.
For further information on Clarkson PLC, please visit the company's website at
www.clarksons.com
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.