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Ocean Wilsons profit rises on investment gains; revenue slips

By BFN News | 09:31 AM | Wednesday 14 August, 2019


Logistics group Ocean Wilsons Holdings posted a higher first-half profit, even as revenue slipped, after it benefited from a rise in the value of its investment portfolio. Pre-tax profit for the six months through June jumped to $47.1m, up from $27.7m on-year. Revenue fell 15% to $199.2 due a higher average US dollar and Brazilian real exchange rate, and difficult trading environment at some of the company's businesses. At 9:31am: (LON:OCN) Ocean Wilson Holdings PLC share price was -80p at 985p Story provided by StockMarketWire.com

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