StockMarketWire.com - James Fisher & Sons said performance in the first quarter was in-line with its expectations despite conceding that performance in its marine support and specialist technical segments would be more second half weighted due to the timing of projects.

Performance in the quarter was helped by its tankships and offshore oil divisions, which delivered results 'well ahead' of last year, the company said.

The renewables business within its marine support segment won its first contract for Triton Knoll, a 90 turbine windfarm being built 32 kilometres off the Lincolnshire coast and its high voltage engineering specialist business, EDS, had been awarded a 15 year operations and maintenance contract for Offshore Transmission (OFTO) assets at Greater Gabbard.

'With a good start to 2019, the Board considers that the Group's outlook for the year remains positive and that James Fisher continues to be well placed to provide further growth and value for shareholders,' the company said.



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