HIGHLIGHTS
Merger with ACM Shipping Group plc ("ACM") completed on 25 July 2014, with integrated teams working well together
Action taken to reduce cost base of merged Shipbroking business by approximately £4.0 million per annum
Outlook for full year profits, including a full second half contribution from ACM, but excluding exceptional items, continues to be in line with the Board's expectations
Revenue from continuing operations in the first half £64.5 million (interim 2013/14: £63.9 million)
Pre-tax profit £3.2million before £3.0 million exceptional costs (interim 2013/14: £4.5 million pre-tax profit)
Profit from the Technical division in the first half is down from the exceptional level achieved in the same period last year
Normalised basic EPS 11.7p (interim 2013/14: 16.1p)
Interim dividend remains unchanged at 9.0p per share
