James Fisher, which provides products and services for offshore oil companies and other marine industries, said the first half had been difficultJames Fisher and Sons is to pay a £4 million interim dividend despite taking almost £2 million in furlough cash from the government. The group, which provides products and services for offshore oil companies and other marine industries, said the first half of 2020 had been “one of the most demanding periods” it had ever experienced due to the pandemic. Pre-tax profits plunged by 59 per cent to £7.1 million on revenues that were 10 per cent lower at £258 million as subsea projects in oil and gas and renewables were delayed due to Covid-19 and the collapse in energy prices. In March, James Fisher suspended payment of its final 2019 dividend, of 23.4p per share or £12 million amid Covid-19 uncertainty, and said it

Source: The Times August 25, 2020 11:03 UTC