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Clarkson shares jump 6% as strong freight trading lifts profit outlook

Investing.com -- Shares in shipping services group Clarkson rose more than 6% on Tuesday after the company forecast full-year underlying pretax profit of at least £135 million, citing strong trading in August and September as volatile freight markets boosted its businesses.

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The company said trading in August and September was "very strong", with continued volatility in commodity and freight markets supporting freight rates and asset prices.

Its Broking division generated revenue significantly ahead of expectations, while the Financial division also performed well above forecasts, Clarkson said.

The company did not provide a new revenue forecast.

Original Article

Clarkson shares jump 6% as strong freight trading lifts profit outlook

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