StockMarketWire.com - 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